The expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Using this formula
Expected value=Stock worth at $50+ Stock worth at $60+ Stock worth at $70
Where:
Stock worth at $50=40% chance
Stock worth at $60=35% chance
Stock worth at $70=25% chance
Let plug in the formula
Expected value=(40%×$50)+($35%×$60)+($25%×$70)
Expected value=$20+$21+$17.5
Expected value=$58.50
Inconclusion the expected value that this broker assign to this stock's end-of-the-year price is $58.50.
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<span>A) Goats that weigh exactly 50 or 60 pounds fall into two classes. would be the right answer</span>
Answer:
6%
Step-by-step explanation:
Interest = Principal × Rate × Time/100
$3780 = $7000(9)(rate)/100
63000rate = 378000
rate= 378000/63000
rate = 6% per annum (Answer)
Answer:
54
Step-by-step explanation:
x-1=3
2xy=24
3+24=27
27·2=54
Answer:
10 days
Step-by-step explanation:
2/.2=10