For what values of the variable x, is the fraction x-3/5 equal to: 1
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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.
The range of the equation is
Explanation:
The given equation is
We need to determine the range of the equation.
<u>Range:</u>
The range of the function is the set of all dependent y - values for which the function is well defined.
Let us simplify the equation.
Thus, we have;
This can be written as
Now, we shall determine the range.
Let us interchange the variables x and y.
Thus, we have;
Solving for y, we get;
Applying the log rule, if f(x) = g(x) then , then, we get;
Simplifying, we get;
Dividing both sides by , we have;
Subtracting 7 from both sides of the equation, we have;
Dividing both sides by 2, we get;
Let us find the positive values for logs.
Thus, we have,;
The function domain is
By combining the intervals, the range becomes
Hence, the range of the equation is