This is already a fraction??! All you can do is write as a simpler fraction, by dividing numerator and denominator by 20, then you get 1/5
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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brainly.com/question/12834805
Answer:
3 1/6
Step-by-step explanation:
19/6= 3.1666666666666 also known as 3 1/6
check your work by multiplying 3 1/6 by 6 and get 19
Answer:
266
Step-by-step explanation:
Let no. of main floor tickets = x
Balcony tickets = x + 100
4(x+100) + 12(x) = 3056
4x + 400 + 12x = 3056
16x = 3056-400
16x = 2656
x = 2656/16
x = 166
No. of Balcony tickets = x + 100 = 166 + 100 = 266
Answer:
C. Tasha's balloon was farther from the town at the beginning but, Henry's balloon traveled more quickly.
Step-by-step explanation:
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