Solve this 2 step equation d/12 - 6 < 1
1 answer:
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The probability that one of each color is selected is
The probability of an event is the chances of the said event
The given parameters are:
- Total = 10
- Red = x
- Blue = 10 - x
The probability that one of each color is selected is calculated as follows:
So, we have:
This gives
Take LCM
Simplify the above expression
Expand
Hence, the probability that one of each color is selected is
Read more about probabilities at:
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