Answer: Expected value of playing the game is $0.
Step-by-step explanation:
Since we have given that
Total number of colored chips = 20
Number of blue chips = 2
Number of purple chips = 4
Number of green chips = 7
Number of red chips = 7
Amount of prize he gets for blue chip = $10
Amount of prize he gets for a purple chip = $5
No amount is given for red or green
Amount he had to pay = $2
So, Expected value of playing the game is given by
Hence, Expected value of playing the game is $0.
The value of x is equal to -5/6
To solve this question, we have to add two polynomials together. The polynomials are;
This involves adding of two or more different polynomials together. The polynomials adding together are or must be of the same degree. i.e x^2 must add to another coefficient of x^2 and x^3 adds to another coefficient of x^3 and so on.
In this given question, let's add the polynomials together.
Now, let's equate this with the last polynomial given
Let's solve for x
The value of x is equal to -5/6
Learn more on addition of polynomials here;
Answer:
The P-value is 0.0166.
Step-by-step explanation:
<u>The complete question is:</u> In a one-tail hypothesis test where you reject H0 only in the lower tail, what is the p-value if ZSTAT = -2.13.
We are given that the z-statistics value is -2.13 and we have to find the p-value.
Now, the p-value of the test statistics is given by the following condition;
P-value = P(Z < -2.13) = 1 - P(Z 2.13)
= 1 - 0.9834 = <u>0.0166</u>
Assuming that the level of significance is 0.10 or 10%.
The decision rule for rejecting the null hypothesis based on p-value is given by;
Here, the P-value is more than the level of significance as 0.0166 > 0.10, so we have insufficient evidence to reject the null hypothesis, so we fail to reject the null hypothesis.