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Someone has a weighted coin that lands heads up with a probability of 2/3 andtails up with aprobability of 1/3. If the coin comes up heads you pay $1 dollar ; if the coin comes up tails you receive $1.50. What is the expected value for this game?
Statistics and Probability, Statistics
A mail order supplier advertises same-day service on every order. Recently, the movement of orders has not gone as planned. The director of customer service has completely redone the method of order handling. The goal of ...
Could you please teach me why the following question is considered True. "True or False? Based expected value an investment that produces a payoff of $10 with probability 0.3 and -$3 with probability 0.7 is a viable inve ...
A project has an initial outlay of $4,623. It has a single payoff at the end of year 3 of $8,869. What is the net present value (NPV) of the project if the company's cost of capital is 12.43 percent?
Adult male heights X have N(70", 3.3") a.) What percent of adult males are shorter than 63"? b.) What percent of males are taller than 70"? c.) What's the 80th percentile of male heights? Show work
A population has a mean μ=79 and a standard deviation σ=24. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=248 μx= ?Simplify your? answer. σx= rounded to three decimal ...
Thirty-eight percent of consumers prefer to purchase electronics online. You randomly select 16 consumers. Find the probability that the number who prefer to purchase electronics online is at most 5.
A few years ago, Simon Powell purchased a home for $250,000. Today, the home is worth $450,000. His remaining mortgage balance is $200,000. Assuming that Simon can borrow up to 70 percent of the market value, what is the ...
The distribution of actual weights of 8-oz chocolate bars produced by a certain machine is normal with mean 7.7 ounces and standard deviation 0.2 ounces. a) What is the probability that the average weight of a random sam ...
A project has an initial outlay of $2,034. It has a single cash flow at the end of year 6 of $4,743. What is the internal rate of return (IRR) for the project? Round the answer to two decimal places in percentage form.
You want to you want to estimate the mean weight of quarters in circulation. A sample of 30 quarters has a mean weight of 5.649 grams in a standard deviation of 0.066 gram. Use a single value to estimate the mean weight ...
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