Answer:
Step-by-step explanation:
An option to buy a stock is priced at $150. If the stock closes above 30 next Thursday, the option will be worth $1000. If it closes below 20, the option will be worth nothing, and if it closes between 20 and 30, the option will be worth $200. A trader thinks there is a 50% chance that the stock will close in the 20-30 range, a 20% chance that it will close above 30, and a 30% chance that it will fall below 20.
a) Let X represent the price of the option
<h3><u> x P(X=x)
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$1000 20/100 = 0.2
$200 50/100 = 0.5
$0 30/100 = 0.3
b) Expected option price
Therefore expected gain = $300 - $150 = $150
c) The trader should buy the stock. Since there is an positive expected gain($150) in trading that stock option.
Probability he doesn't make a free shot = 10/10 - 7/10 = 3/10
Doesn't first time, does second time, so...
3/10 x 7/10 = 21/100
Answer: I believe it is "It also has a reflectional symmetry
Step-by-step explanation: Because even if you rotate the picture if you fold it in half it will fit perfectly with each other
The answer is C.
Explanation: There are 3 x variables and on the other side you see 11.
So the answer is 3x = 11
Answer:
136+ m ≥ 189 is the required inequality : m: The earning in 4th week
Arthur needs to earn AT LEAST $53 in the fourth week to buy the coat which costs at least $189.
Step-by-step explanation:
The amount earned by Arthur in first 3 weeks = $136
The amount needed to buy a coat = AT LEAST $189
Let us assume the amount Arthur needs to earn more to buy coat = $m
⇒ $ 136 + Amount Earned in 4th week ≥ $189
⇒ 136+ m ≥ 189
The above equation is the NEEDED inequality of the given situation.
Now, solving for the value of m, we get:
136+ m ≥ 189
⇒ m ≥ 189 - 136 = 53
or, m ≥ $53
Hence, Arthur needs to earn AT LEAST $53 in the fourth week to buy the coat which costs at least 189.
