PEMDAS
Multiplication: 2 + 5 - 18=
Addition: 7-18=
Subtraction: -11
Answer=-11
0.4 is 10 times as much as 0.04
this is because 0.04 times 10 is 0.4
0.003 is 1/10 of 0.03
0.003 times 10 is 0.03
Answer:
336
Step-by-step explanation:
Answer:
E(Y) = $0.5
Var(Y) = 14.25
you should pay the same amount $0.5
Step-by-step explanation:
E(Y) = = Σ(YP)
P = probability of each outcomes.
Var(Y) = Σ
p − (μ x μ)
E(Y) = (2 x 0.25) +(6 x 0.25) + (0.5 x (-3)) = $0.5
Var(Y) = (
x 0.25) + (
x 0.25) +(
x 0.5) - (
)
= 14.5 - 0.25
Var(Y) = 14.25
for the difference between the payoff and cost of playing to have mean 0, you should pay the same amount $0.5