#2 Find the area. 10ft
2 answers:
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Answer:
Step-by-step explanation:
Given that:
To bet $5 that the outcome is any one of these five possibilities: 0, 00, 1, 2, 3.
Let Y represent the Amount of net profit
Then, Y= {-5, 30}
The probability distribution of Y is:
Y -5 30
P(Y=y)
a) The expected value of X is given by:
b)
On a bet of $5 on the number 25 we are expected to loose 24 cents.
While on a $5 bet that the outcome is any one of the numbers 0,00, or 1 we are expected to loose 39 cents.
Hence, $5 bet on the number 27 is better. Because the expected loss is less in this bet
Answer:
(a) 93.19%
(b) 267.3
Step-by-step explanation:
The population mean and standard deviation are given as 502 and 116 respectively.
Consider, <em>X</em> be the random variable that shows the SAT critical reading score is normally distributed.
(a) The percent of the SAT verbal scores are less than 675 can be calculated as:
Thus, the required percentage is 93.19%
(b)
The number of SAT verbal scores that are expected to be greater than 575 can be calculated as:
So,
Out of 1000 randomly selected SAT verbal scores, 1000(0.2673) = 267.3 are expected to have greater than 575.