I had an exam and did not know how to fully solve the below question... There...

I had an exam and did not know how to fully solve the below question...

There are two bets.

A coin is flipped and if its heads you win 10 million dollars, but if it is tails you lost 1 million dollars.

A die is rolled, and if it is 1 you receive 20 million dollars...if it is 2 you receive 10 million dollars, and numbers 3-6 you pay 600 thousand.

1. Find the expected return and std deviation of each. (which has a higher expected return/which is more risky)

2. Solve for the expected value and std deviation of the sum of those two bets.

3. Find the expected value and st deviation of 2 coin flips and 3 die rolls.

Expert Solution

orchestra answered 1 year ago

This is the first question and I know how to solve this one, but I am...

This is the first question and I know how to solve this one, but I am confused by the second one (The admissions office of a small, selective liberal-arts college will only offer admission to applicants who have a certain mix of accomplishments, including a combined SAT score of 1,300 or more. Based on past records, the head of admissions feels that the probability is 0.58 that an admitted applicant will come to the college. If 500 applicants are admitted,...

May I know the how to solve this question? Consider the two functions f(x) = ?|x|...

May I know the how to solve this question? Consider the two functions f(x) = ?|x| − 1 and g(x) = 1/(x2 − 1) defined on the maximal set of real numbers x for which each formula is defined. (a) Identify the domains and ranges for both f and g, giving analytical reasons for your answers. (Drawing the graph alone is not sufficient). (b) Determine an expression (in terms of x) for the composite function (g ◦ f ) and...

How do i solve the question below: You are looking at an investment that will pay...

How do i solve the question below: You are looking at an investment that will pay you $27,250 in year 2, $44,098 in year 4 and $49,414 in year 6. If your required return is 8.49%, what is the most you should pay for the investment? (In other words, how much is the project worth today?) 2. If you have $485 today and you think you can earn an interest rate of 6% per year, how many years until you...

Does anyone know how to solve this question? I am so lost. Thank you! You are...

Does anyone know how to solve this question? I am so lost. Thank you! You are studying the source of new virus that has recently infected humans. You suspect that the virus was transferred from other primates (they exhibit a similar infection), specifically chimpanzees, gorillas, or orangutans. You sample blood from several infected humans and sequence some viral genes. You then build a phylogenetic tree with the human sequences and all the known strains from each primate. Draw a hypothetical...

I need to know how to solve this on paper and on a ti-84 A new...

I need to know how to solve this on paper and on a ti-84 A new otc medicine to treat a sore throat is to be tested for its effectiveness. The maker of the drugmedicine take 2 random samples of 25 individuals showing symptoms of a sore throat. Group 1 receives the new medicine and group 2 recieves a placebo. After a few days of the medicine, each group is interviewed and asked how they would rate their comfort level...

This is a critical thinking question. I know the answers. My question is in bold below...

This is a critical thinking question. I know the answers. My question is in bold below the textbook question. Ch 13, #57PE - A deep-sea diver should breath a gas mixture that has rthe same oxygen partial pressure as at sea level, where dry air contains 20.9% oxygen and has a total pressure of 1.01x105 N/m2. When developing a strategy for solving this problem, how can the given information and the principles that govern this context lead me to what...

I don't know how to build my last code for TestPairOfDice...below the question is in bold....

I don't know how to build my last code for TestPairOfDice...below the question is in bold. I'm including my code for the previous problems which are all needed for number 6 1. Implement a method named surface that accepts 3 integer parameters named width, length, and height as user input. It will return the total surface area (6 sides) of the rectangular box it represents. The formula for Surface Area is 2(length * width) + 2(length * height) + 2(height...

Use Maple to solve the problem shown below. (I know, the math is pretty easy, but...

Use Maple to solve the problem shown below. (I know, the math is pretty easy, but that's not the point. The point is to test the capabilities of BbLearn.) Save your Maple worksheet to a PDF file and upload it here. Note: To enter Comments into your Maple Worksheet, precede the comment with the # symbol. For example: >f:=a*x^2+b*x+c=0;#This is a quadratic polynomial The first part (>f:=a*x^2+b*x+c=0; ) is the Maple expression, and the second part (#This is a quadratic...

(I also need to know how to solve this on a TI-83) 6. For the following...

(I also need to know how to solve this on a TI-83) 6. For the following data set: x 5.7 4.1 6.2 4.4 6.5 5.8 4.9 y 1.9 4.8 0.8 3.9 1.2 1.7 3.0 (A) Compute the coefficient of determination. (B) How much of the variation in the outcome variable is explained by the least-squares regression line?

I want to know if a prep course increases passing rates for the CPA exam. I...

I want to know if a prep course increases passing rates for the CPA exam. I will compare passing rates of people that had a prep course and those that didn't. Should I run this as a between participants deign or repeated measures? Describe the advantages and disadvantages of your choice.

Question