An investor bought 1,500 shares of a stock for $6 a share. He estimates the probability that the stock will rise to a value of $25 a share is 24%, and the probability it will fall to $2 a share is 76%. What is the expected value of the inyestor's profit from buying the stock?

Q: Experience has shown that one out of every four customers who place an order with an internet retail…

A:

Q: A construction company is planning to bid on a building contract. The bid costs the company​$1100.…

A:

Q: Provide an appropriate response with details. A 28 year old man pays $206 for a one year life…

A: From the given information, the probability of he will live through the year is 0.9992. And a 28…

Q: 5. In a proposed business venture, a company estimates that there is a 60% chance the compaHY chance…

A:

Q: A construction company is planning to bid on a building contract. The bid costs the company ​$1800.…

A: Given that the probability that the bid is accepted is= 25So the probability that the bid is not…

Q: In a product liability​ case, a company can settle out of court for a loss of​ $350,000, or go to​…

A: Given:settlement of case out side court loss is $350000if go to trail loss is $1350000probability of…

Q: Suppose that a lottery has the following odds: Amount won Probability of winning 0 3/5 2 1/5 5 1/10…

A: b)Here, Amount won, x Probability, P(x) x.P(x) 0 35 0 2 15 25 5 110 12 10 350 35 50…

Q: Is a 50/50 raffle a fair game? During a fundraiser a group sold 100 tickets for $20 each. From the…

A: Yes, it is a 50/50 raffle a fair game. During the fundraiser a group sold 100 tickets for $20 each.…

Q: The probability that at most 60 customers will order food after the ad was aired? The probability…

A:

Q: A college graduate is searching for job. He/she already has an job offer that pays $60,000 per year.…

A:

Q: A skilled custom auto mechanic finds an old beat up Chevy Camaro in a junk yard, and pays $300 for…

A:

Q: Suppose that in a particular game two dice are tossed. If the two dice sum to seven, the player wins…

A:

Q: (a) What is the probability that a randomly selected student achieves a final score of 90 or above?…

A: here given  final score of student in a course normally distributed with mean  = 76  and standard…

Q: The chart below lists the number of boats John expects to sell each week along with the…

A: 1. Let X be the number of boats expected to be sold each week. So, the data given in the question…

Q: Solve and analyze the problem A 33-year-old mother pays P12,000 per annum for a P500,000 life…

A: Using the given information we make a table Expected earning (12000 - 500000)= - 488000 (12000 -0…

Q: In a product liability​ case, a company can settle out of court for a loss of​ $350,000, or go to​…

A: Given Data: Loss if company settle out of court=350000 Loss if company takes case to the court and…

Q: Robert bought a $5 lottery ticket such that 1 in 100 would win $10, 1 in 1000 would win $100, and 1…

A: Given that, Robert bought a $5 lottery ticket such that 1 in 100 would win $10, 1 in 1000 would win…

Q: It has been found that 1 out of every 10 people who visit a local store purchase cigarettes. If we…

A: From the provided information, 1 out of every 10 people who visit a local store purchase cigarettes…

Q: ear in early childhood, occurs at a rate of 1.6 episodes per year. a) What is the probability of not…

A: The number of episodes per year of otitis media, a common disease of the middle ear in early…

Q: An insurance policy sells for $300. Based on past data an average of 1 in 100 policyholders will…

A: The price of the insurance policy is: $300 Number of policies sold is: 10000 The total amount that…

Q: Suppose that a lottery has the following odds: Amount Won Probability of Winning 0 3/5 2 1/5 5 1/10…

A:

Q: Telephone calls arrive at an information desk at a rate of 35 per hour. What is the probability that…

A: From the given information, Telephone calls arrive at an information desk at a rate of 35 per hour.…

Q: a. If a player bets $14 on the number 1, what is the player's expected value? The expected value is…

A:

Q: One thousand tickets are sold at $1 each for four prizes of $100, $50, $25, and $10. What is the…

A: Introduction: Denote the random variable X as the amount of win on purchasing one ticket, and p (x)…

Q: A programmer is creating a game with a villain who randomly appears and steals 50 gold coins from…

A: The image is attached below to find the expected value of a player.

Q: The table shows the probability distribution of siblings of students in a high school with 1500…

A: Formula : E(x)  = Σx * p(x)

Q: Richie's Insurance Company offers a $250,000 life insurance policy for a premium of $750 per year.…

A: Given Data: Premium=750 Life insurance cover=250000 P(life survives a year)=0.9977 P(life dies in a…

Q: Does crime pay? The FBI Standard Survey of Crimes showed that for about 80% of all property crimes…

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

Q: Your school is selling raffle tickets as a fundraiser. They sell tickets for $5 each, there are 10…

A:

Q: In a product liability case, a company can settle out of court for a loss of $350,000, or go to…

A: Let X denotes the loss to the company. The probability of not guilty verdict is, Pnot guilty…

Q: In a raffle where 7,000 tickets are sold for $2 each one prize of $2,600 will be awarded what is the…

A:

Q: At a raffle, 10,000 tickets are sold at $5 each for three prizes valued at $4800, $1,200, and $400.…

A: Note: Hi there! Thank you for posting the questions. As there are several independent questions,…

Q: A manufacturer is considering the manufacture of a new and better mousetrap. She estimates the…

A: Probability that the new mousetrap is successful is 3/4 Probability that the new mousetrap is not…

Q: Mendelian Genetics When Mendel conducted his famous genetics experiments with peas, one sample of…

A: Given that,No.of green peas = 428No.of yellow peas = 152So, total no.of peas = 580

Q: Suppose that a lottery has the following odds: Amount Won Probability of Winning 3/5 1/5 5 1/10 10…

A: Given data and calculation for expected winning amount 1) Expected amount is given by

Q: An insurance company sells a policy for $5000.  There is a 3 in 20 probability that the insurance…

A: Given that: There is a 3 in 20 probability that the insurance company will have to pay $10,000…

Q: A construction company is planning to bid on a building contract. The bid costs the company $1300.…

A: We first make a table using the given information Gained amount (xi) 68000-1300=66700 -1300…

Q: the given odds to determine the probability of the underlined event. odds against getting injured…

A: Use the given odds to determine the probability of the underlined event. odds against getting…

Q: # 3. One Thousand tickets are sold at $1 each for a color television valued @ $350. What is the…

A: Given that, 1000 tickets are sold at $1 each for color television valued $350. If you win, then the…

Q: You are performing a cohort study. (i) If the probability of developing the disease in the exposed…

A:

Q: Below is a partially complete probability model.   Outcome 0.5 1 1.5 4 Probability 0.35 0.2 0.15 ?…

A: It is an important part of statistics. It is widely used.

Q: At a​ raffle, 10,000 tickets are sold at​ $5 each for three prizes valued at​ $4,800, $1,200, and​…

A:

Q: A radio station is having a contest. There is a vacation package worth $15,000. Three prizes are…

A: Vacation package worth $15,000 Coffee shop worth $1000 Tutoring math course worth $500 No of people…

Q: A local community center is holding a raffle for its members.  There is one grand prize of $500,…

A: A) For a person: x (net profit) 495 95 20 -5 p (probability) 1/200 4/200 15/200 180/200 So,…

Q: The marketing department of a TV manufacturer has done research on the number of TVs owned by…

A: Expected value:The expected value of a discrete random variable X is defined as the sum of the…

Q: Calculate the probability from the z-table. a. ?(? > −0.45) b. ?( ? < 2.10) c. ?(0 < ? < 2.10)

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

Q: a. What is the probability that a random person tests positive? | Select ) b. John just got the bad…

A: here define events person have disease = A test Positive  = B

Q: In a proposed business venture, a businesswoman estimates there is a 60% chance she will make…

A: Given: There are 60% chances that she will make $52000 and 40% chances that she will lose $53000. To…

Q: An investor is considering a $30,000 investment in a start-up company. She estimates that she has a…

A: Given information- Let X denotes the profit. We have given that an investor is considering a $30,000…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.