The lottery's anticipated worth is $80.
Given that,
The probability of receiving $125 is 0.25; the likelihood of receiving $100 is 0.3; and the likelihood of receiving $50 is 0.45.
A) EV=125*.2+100*.3+50*.5=$80
The lottery's anticipated worth is $80.
The expected value is obtained by multiplying each result by its likelihood.
The expected value of the lottery is then calculated by adding up all of these.
This is what we have: ;;
125(0.2) + 100(0.3) + 50(0.5) (0.5)
= 25 + 30 + 25 = $80
B) This is the formula for variance is shown in figure :
So, we can calculate the variance as follows:
.2*(125-80)^2+.3*(100-80)^2+.5*(50-80)^2=975
C) A risk-neutral person would pay $80 or less to play the lottery.
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The answer is B. 16 because you multiply 4 with 2s and -1 so the new equation will be 8s-4=7s+12 and you have to subtract the variable 7s to 8s the equation will be 1s-4=12 and add 4 to 12 and it gives you 16 and just divide 16 and one and you answer should be 16. :)
25% because 21 is a quarter of 84. And 21 times 4= 84, so 21 is 25% of 84.
open the parenthes. and then after that you'll get 27+12x-15. if you simplify that then you'll get 12x+12
Answer:
its just a black screeeeen
Step-by-step explanation: