The expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Using this formula
Expected value=Stock worth at $50+ Stock worth at $60+ Stock worth at $70
Where:
Stock worth at $50=40% chance
Stock worth at $60=35% chance
Stock worth at $70=25% chance
Let plug in the formula
Expected value=(40%×$50)+($35%×$60)+($25%×$70)
Expected value=$20+$21+$17.5
Expected value=$58.50
Inconclusion the expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Learn more here:
brainly.com/question/12834805
Answer:
for both?
Step-by-step explanation:
Since
The square root of 11 is somewhere between 3 and 4. In order to round it to the nearest tenth, we have to try all numbers between 3 and 4 with one decimal digit, and see which is closest to 11 when squared. We have
![\begin{array}{c|c}n&n^2\\3&9\\3.1&9.61\\3.2&10.24\\3.3&10.89\\3.4&11.56\end{array}\right]](https://tex.z-dn.net/?f=%5Cbegin%7Barray%7D%7Bc%7Cc%7Dn%26n%5E2%5C%5C3%269%5C%5C3.1%269.61%5C%5C3.2%2610.24%5C%5C3.3%2610.89%5C%5C3.4%2611.56%5Cend%7Barray%7D%5Cright%5D)
So, the square root of 11 is somewhere between 3.3 and 3.4.
Answer:
a)12days
b)8days
Step-by-step explanation:
15x16
=240
240÷20
=12days
24x15
=360
360÷45
=8 days
