Kentavious has grown out of his favorite manga (a Japanese comic book) Berserk and would like to sell his entire collection that he purchased for a total of $725. He feels that he can sell the collection for $700 with a probability of 0.18, or he can sell the collection for $675 with a probability of 0.37, or he can sell it for $600 with a probability of 0.45. How much is Kentavious expected to lose when selling his collection? Enter in your exact answer (no rounding) in the space below. Make sure to enter in a positive number.
Kentavious has grown out of his favorite manga (a Japanese comic book) Berserk and would like to sell his entire collection that he purchased for a total of $725. He feels that he can sell the collection for $700 with a probability of 0.18, or he can sell the collection for $675 with a probability of 0.37, or he can sell it for $600 with a probability of 0.45. How much is Kentavious expected to lose when selling his collection? Enter in your exact answer (no rounding) in the space below. Make sure to enter in a positive number.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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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.
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