An investor is considering a $15,000 investment in a start-up company. She estimates that she has probability 0.15 of a $5,000 loss, probability 0.15 of a $10,000 loss, probability 0.15 of a $50,000 profit, and probability 0.55 of breaking even (a profit of $0). What is the expected value of the profit?

Q: Ayelet invested $500 in starting her own hat company. She received the following predictions…

A: Solution

Q: . In business it is important to plan and carry on research in order to anticipate what will occur…

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Q: The officers of the Mathematics Club are planning to sell 280 tickets to be raffled during the…

A: There are 280 tickets. one ticket will win 5000 two tickets will win 3000 three tickets will win…

Q: The expected value of R4 is

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Q: A contest at a fast-food restaurant offered the cash prizes and probabilities of winning on one…

A: Cost of the ticket is $1.

Q: Find the expected value​ (to the​ company) per policy sold. If the company sells 30,000 ​policies,…

A: An insurance policy sells for ​$1000. Based on past​ data, an average of 1 in 100 policyholders will…

Q: A scratch-off lottery ticket costs $5.00 to purchase and it pays out a prize with the probabilities…

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Q: The demand for a product of Carolina Industries varies greatly from month to month. The probability…

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Q: The table shows claims and their probabilities for an insurance company. Amount of Claim…

A: The expected value…

Q: hospital researcher is interested in the number of times the average post-op patient will ring the…

A: Given Information: A hospital researcher is interested in the of times the average post-op patient…

Q: In an article about investment alternatives, Money magazine reported that drug stocks provide a…

A: The provided probabilities are;

Q: 1 Calculate the expected value of x in the probability distribution shown * 1 p(x) .1 4 4 .1 3.0 1.0…

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Q: A) What is the probability that you successfully prevent the attack? B) Suppose that if site i is…

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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: Derive the expected value of Y? 0,

A: Given:  Distribution function of lifespan of bulb  f(x)=(y*e^-y/10)/100    : y>0  Then to find…

Q: An insurance policy sells for $600. Based on past data, an average of 1 in 50 policyholders will…

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Q: At age 50, Ann must choose between taking $20,000 at age 60 if she is alive then, or $32,000 at age…

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Q: At a raffle, 250 tickets are sold for $4 each for one grand prize of $500 and two prizes of $50…

A: It can be assumed one ticket corresponds to one prize.  Since, there are 250 ticket proabability of…

Q: officers of the Mathematics Club are planning to sell 280 tickets to be raffled during the school’s…

A: There are two type of variables : Continuous variables and discrete variables. Continuous variables…

Q: An insurance policy sells for $700.  Based on past data, an average of 1 in 50 policyholders will…

A: Let us make a table for the claims and the probabilities  claim 5500 10000 25000 probability…

Q: The demand for a product of Carolina Industries varies greatly from month to month. The probability…

A: Given, The probability distribution for the demand, Unit Demand Probability 300 0.15 400 0.30…

Q: The administration is unsure about Frank’s plan. The VP of Finance thinks an expected value of the…

A: Solution: Expected Value = ∑(Number of tickets)×(Probability) = 1000×0.10 + 5000×0.30 + 10,000×0.24…

Q: It costs $2 to buy a raffle ticket. If there are 500 tickets sold, and there is one first prize of…

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Q: The following table tabulates the earnings for a particular investment plan with corresponding…

A: The given tables shows the earnings for a particular investment plan with corresponding…

Q: An insurance policy sells for $1,000. Based on your past data, an average of 1 in 50 policyholders…

A: The expected value for the company per policy sold can be calculated using the following…

Q: In business, it is important to plan and carry out research in order to anticipate what will occur…

A: Solution: Let X be the profit. The given probability distribution of X is

Q: . Calculate the expected value. $_____ b. How much should the company charge as an average premium…

A: Given: The table showing the probabilities for an insurance company. Amount of claim  (x)…

Q: Rhett owns a cupcake bakery and is analyzing his sales of cupcake delivery orders. Based on his…

A: Given Information: X 1 2 3 4 5 P(X) 0.75 0.05 0.10 0.05 0.05 To calculate the mean number of…

Q: An insurance policy sells for ​$1200. Based on past​ data, an average of 1 in 125 policyholders will…

A: Given that  An insurance policy sells for ​$1200. An average of 1 in 125 policyholders will file a…

Q: (a) Over the long term, what is your expected profit of playing the game?

A: Here given , Two dice are rolled in game And there are total outcomes possible on each die are 6 And…

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: Rhett owns a cupcake bakery and is analyzing his sales of cupcake delivery orders. Based on his…

A: Given: X is the number of boxes purchased by a single customer in a single day. The distribution of…

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 investment company has an asset A that will produce a cash flow of $5,500 with prob. 0.3 and…

A: When the expected value of a discrete random variable is calculated, it's simply the sum of the all…

Q: If random variable X takes on the values of -1,0 and 2 with probabilities 0.3, 0.3, and 0.4…

A: It is given that the, The random variable X takes the values of -1,0 and 2 with probabilities…

Q: An insurance policy sells for $1000. Based on past data, an average of 1 in 100 policyholders will…

A: We will make a table using the given information Amount of claim 15000 30000 80000 Probability…

Q: An insurance policy sells for ​$1000. Based on past​ data, an average of 1 in 50 policyholders will…

A: an average of 1 in 50 policyholders will file a ​$10,000 ​claim, an average of 1 in 200…

Q: At Dolon General Hospital, 20 percent of the patients have Medicare insurance (M) while 80 percent…

A: Given problem Given that   At Dolon General Hospital, 20 percent of the patients have Medicare…

Q: The Trendy Taco restaurant has an established (known) approval percentage of 90%. Suppose a random…

A: Given : p₀ = 0.9 , n= 100

Q: An airline is considering adding a route to the city of Buffalo, NY. Market research predicts that…

A: Let 'X' represent the return amount after adding a route to the city, and 'PX' represent the…

Q: The probability that Ms. Brown will sell a piece ofproperty at a profit of $3,000 is 3 20 , the…

A: Given,The probability of profit of $3,000 =320The probability of profit of $1,500 = 720The…

Q: Derive the expected value of Y? 0, elsewh

A: Given:  Distribution function of lifespan of bulb in years is given  f(x)=(y*e^-y/10 )/100   :…

Q: 3. An insurance policy sells for $720. Based on past data, an average of 1 in 70 policyholders will…

A: Expected value is used to measure the average of the probability distribution. It is calculated by…

Q: Consider the following table: Value of X Probability -3 0.2 -1 d 2 0.4 3 0.2 1. What is the value of…

A: Given: The probability distribution is as follows X P (X = x) -3 0.2 -1 d 2 0.4 3 0.2

Q: What is the expected value of a single ticket in the raffle?

A: To find  expected value of a single ticket in the raffle

Q: Calculate the expected value of X, E(X), for the given probability distribution. 1 P(X = x) 0.1 0.2…

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Q: A fast-food company plans to install a new ice-cream dispensing unit in one of two store locations.…

A: Solution: Let X be the amount of profit at location A  There is 34 probability of making a annual…

Q: Calculate the expected value of x, the sum of the scores, when two dice are rolled.

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Q: Calculate the expected value of X, E(X), for the given probability distribution. 1 2 3 4 P(X = x)…

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Q: Daily sales records for a computer manufacturing firm show that it will sell 0,1, 2, or 3 mainframe…

A: Option a is correct