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1 answer:
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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) = Σp − (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
Answer: Option A
Step-by-step explanation:
In the graph we have a piecewise function composed of a parabola and a line.
The parabola has the vertex in the point (0, 2) and cuts the y-axis in y = 2.
The equation of this parabola is
Then we have an equation line
Note that the interval in which the parabola is defined is from -∞ to x = 1. Note that the parabola does not include the point x = 1 because it is marked with an empty circle " о ."
(this is )
Then the equation of the line goes from x = 1 to ∞ . In this case, the line includes x = 1 because the point at the end of the line is represented by a full circle .
(this is )
Then the function is:
The answer is B. y = -1/5x +1/2.
EXPLANATION
First solve for the slope:
After finding the slope, look for the linear equation with the same value of m (parallel equation).
EXPLANATION
First solve for the slope:
After finding the slope, look for the linear equation with the same value of m (parallel equation).