Answer:
x = 2
Step-by-step explanation:
-7x - 5x + 8 = -16
(-7x -5x) = -16 -8
-12x = -24
x = -24/12
x = 2
if (-) is divided (-) then the result is (+)
hope helping you ^^
Answer:
5 pounds of tomatoes
Step-by-step explanation:
5 pounds of tomatoes
8-2=6
6/1.20=5
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)
</u></h3>
$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.
Answer:
30+10y < 120
Step-by-step explanation: