Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $11,800 loss,probability 0.23 of a $8300 profit, probability 0.19 of a $51,000 profit, and probability 0.19 of breaking even (a profit of $0). What is the expected value ofthe profit? Would you advise the investor to make the investment?Part: 0/2Part 1 of 2The expected value of the profit is $XGB

Given,An investor is considering an investment in a start-up company.She estimates that she has…

Answered: Business projection: An investor is…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $22,400 loss, probability 0.28 of a $10,000 profit, probability 0.13 of a $34,000 profit, and probability 0.2 of breaking even (a profit of $0 ). What is the expected value of the profit? Would you advise the investor to make the investment? The expected value of the profit is $
Insurance: An insurance company sells a 1 -year term life insurance policy to an 85 -year-old woman. The woman pays a premium of $2300 . If she dies within 1 year, the company will pay $62,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 85 -year-old woman will be alive 1 year later is 0.9645 . Let X be the profit made by the insurance company. Part: 0 / 2 0 of 2 Parts Complete Part 1 of 2 (a) Find the probability distribution.The probability distribution is x 2300 Px
PRACTICE ANOTHER Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are the auditor for a very large corporation. The revenue file contains millions of numbers in a large computer data bank. You draw a random sample of n = 225 numbers from this file and r = 85 have a first nonzero digit of 1. Let p represent the population proportion of all numbers in the computer file that have a leading digit of 1. What is the value of the sample test statistic? (Round your answer to two decimal places.) ANSWER IS NOT 2.57 Find the P-value of the test statistic. (Round your answer to four decimal places.) ANSWER IS NOT 0.0102
How do I solve this
Solve using a graphing calculator. (Show your solution)
consultant has been hired to redesign a company's production facility. The consultant estimates the probabilities of her potential profit as shown in the table below. What is her profit expectation?$ Profit/Loss Probability $40,000 0.05 $30,000 0.30 $20,000 0.38 $10,000 0.20 $5,000 0.07
Job satisfaction: In a poll, 438 out of 1844 people said that they check their email multiple times per day. Part: 0/2 Part 1 of 2 (a) What is the probability that a person who was poled checks their email multiple times per day? Round your answer to four decimal places. The probability that a person who was polled checks their email multiple times per day is
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Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.38 of a $14,400 loss, probability 0.25 of a $10,300 profit, probability 0.12 of a $38,000 profit, and probability 0.25 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment? Part: 0 / 2 Part 1 of 2 The expected value of the profit is $ Part: 1 / 2 Part 2 of 2 X The investor (Choose one) make the investment. should should not Ś X Ś 000 119
Insurance: An insurance company sells a 1-year term life insurance policy to an 79-year-old woman. The woman pays a premium of $1800. If she dies within 1 year, the company will pay $39,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 79-year-old woman will be alive 1 year later is 0.9561. Let X be the profit made by the insurance company. Part 1 of 2 (a) Find the probability distribution. The probability distribution is X -37200 1800 P(x) 0.0439 0.9561 Alternate Answer: X P(x) Part: 1 / 2 Part 2 of 2 - 37,200 1800 0.0439 0.9561 (b) Find the expected value of the profit. Expected value of the profit is S X 00
Insurance: An insurance company sells a 1-year term life insurance policy to an 80-year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $53,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 80-year-old woman will be alive 1 year later is 0.9259. Let X be the profit made by the insurance company. Part: 0 / 2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is X P(x) 4000 ☑
Insurance: An insurance company sells a 1-year term life insurance policy to an 84-year-old woman. The woman pays a premium of $1400. If she dies within 1 year, the company will pay $46,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 84-year-old woman will be alive 1 year later is 0.9714. Let X be the profit made by the insurance company. Part: 0 / 2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is x 1400 X P(x)

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