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:
d. skewed right
Step-by-step explanation:
The shape of the given distribution is rightly skewed. For a symmetric distribution mean and median are equal and if mean is greater than median then the distribution is rightly skewed and if mean is less than median then the distribution is skewed left.
In the given distribution mean is greater than median and so the given distribution is skewed right.
No of outcomes =16
favourable outcome=4
<span>probability of getting exactly 3 heads=0.25</span>
Answer:
Step-by-step explanation:
Answer:
y = -5x - 21
Step-by-step explanation:
Given in the question,
equation of a parallel line
y = -5x + 6
point through which it passes
(-4,-1)
Step1
Find the gradient of the equation given, as it is parallel so it will have same gradient
equation of straight line
y = mx + c
where m is gradient
c is y intercept
y = -5x + 6
m =-5
Step2
Find y-intercept
-1 = -5(-4) + c
-1 = 20 + c
c = -20 - 1
c = -21
Step3
form the equation
y = -5x - 21