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) = Σ
p − (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:
2 2/6 simplified 2 1/3
Step-by-step explanation:
You said -x + 8 > 6
Subtract 8 from each side: -x > -2
Add 'x' to each side: 0 > -2 + x
Add 2 to each side: 2 > x
Now, test the choices:
A). Can 'x' be 4 ?
No. 2 is not greater than 4 .
B). Can 'x' be 1 ?
Yes. 2 is greater than 1 .
C). Can 'x' be 2 ?
No. 2 is not greater than 2 .
D). Can 'x' be 15 ?
No. 2 is not greater than 15 .
56=8*7=2^3*7=2*2*2*7
Hope that helped
