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  $

Q: Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a cash prize of…

A: We have given, Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a…

Q: Below is a partially complete probability model. Enter the probability for the final outcome.…

A: We know that, ∑P(x) = 1 P(1.5)+P(1.5)+P(2.5)+P(3.5)=1 0.1+0.05+0.15+P(3.5)=1 Therefore,…

Q: Your friend invents a gambling game and challenges you to play it. He explains the game, and you…

A: Given that  expected value of your winnings to be $1.50  So, you are expected to win $1.50 per game…

Q: lou have $200 that you would like to invest in stocks. You have narrowed your options down to two…

A: Here we need to find expected value for Stock A.

Q: The likelihood of Company A’s stock price rising is 20%, and the likelihood of Company B’s stock…

A: The objective of this question is to find the probability that at least one of two independent…

Q: Insurance: You purchase a $100,000 life insurance policy for a $300 premium each year. If the…

A: You purchase a $100,000 life insurance policy for a $300 premium each year. The probability of…

Q: *20. The table shows claims and their probabilities for an insurance company. Amount of Claim $0…

A: 20) Answer:- Given, The Probabilities for an insurance company is,  Amount of claims , X ($)…

Q: In a game of chance, you have 0.1 probability of winning $100 and a 0.9 probability of losing $20.…

A: P(win $ 100) = 0.1 P(lose $20) = 0.9 expected value of game = ?

Q: The Safe Grad Committee at the high school is selling tickets on a Christmas Basket filled with…

A: Prize =1200 No: of tickets=500 Expected value of a ticket=1200/500=$2.4

Q: A lottery posted the probabilities of winning each prize and the prize amounts as shown in the chart…

A: We have given the probability of winning a lottery and winning prize.The cost of one lottery ticket…

Q: Business projection: An investor is considering an investment in a start-up company. She estimates…

A: Negative value X denotes lossPositive value X denotes profitXP(X=x)…

Q: You plan ahead for disaster. Research tells you that there is a probability of 0.05% that…

A: You don't have light if the events E,C and M with probabilities PE=0.0005,PC=0.05,PM=0.03 occur all…

Q: Life Insurance A 37-year-old woman purchases a S100,000 term life insurance policy for an annual…

A:

Q: A lottery offers one $500 prize, and one $100 prize. One thousand tickets are sold at $5 each. Find…

A: Given info: The lottery offers one $500 prize and one $100 prize. One thousand tickets are sold at…

Q: Refer to the table to find the missing probability and then find the expected value. Outcome value,…

A:

Q: At a raffle, 30 tickets are sold at $1 each for 3 prizes of $50, $10, and $5. You buy 1 ticket. What…

A: The question to find discrete prob. distribution Given : Total no. of tickets sold = 30 Tickets are…

Q: Insurance: You purchase a $100,000 life insurance policy for a $300 premium each year. If the…

A:

Q: An animal shelter has a 65% adoption rate for puppies. Of all puppies in the shelter, 75% live to be…

A:

Q: According to survival probability tables, the probability that an 80 year old male living 1…

A: The probability that an 80 year old male living 1 additional year is 0.93, then the probability that…

Q: Life Insurance A 39-year-old woman purchases a $100,000 term life insurance policy for an annual…

A: The formula to find expected value is as follows,  Expected value = ∑xP(x)

Q: Jim likes to day-trade on the Internet. On a good day, he averages a $1400 gain. On a bad day, he…

A: Answer On a good day, he averages a 1400 gainOn a bad day, he averages a 700 loss.he has a good days…

Q: An individual who owns the ice cream concession at a sporting event can expect to net $600 on the…

A:

Q: A lottery posted the probabilities of winning each prize and the prize amounts as shown in the chart…

A: Suppose x is the prize amount from the lottery.

Q: What would the expected value be if tickets were sold for $10 but there were 1000 tickets sold?…

A: To calculate the expected value (EV) for the raffle with the new parameters (tickets sold for $10…

Q: In order to raise money for a local senior citizens home, the town council of Smallville decides to…

A: Given,Number of grand prize of $3000 is 1.Number of additional prize of $500 is 20Total number of…

Q: Life Insurance A 40-year-old woman purchases a $200,000 term life insurance policy for an annual…

A: Given that A 40-year-old woman purchases a $200,000 term life insurance policy for an annual payment…

Q: Calculate the probability P(E). The Heavy Weather Service predicts that for tomorrow there is a 70%…

A: Denote T: tornadoes M: monsoon   P(neither T nor M) = 1 - P(T∪M)   = 1 - (P(T) + P(M) - P(T∩M)) = 1-…

Q: A lottery offers one $1000 prize, one $500 prize and two $200 prizes. One thousand tickets are sold…

A: Given problem Given that   A lottery offers one $1000 prize, one $500 prize and two $200 prizes.…

Q: case of rain. Based on expected​ values, which is​ David's wiser choice in this​ situation? David…

A: The expected net profit is, $100,000. The reduced net profit is , ​$40,000. The probability of rain…

Q: A construction company has been hired to build a custom home. The builder estimates the…

A: Profit/Loss Probability $100,000 0.10  $60,000 0.45  $30,000 0.25           0 0.10…

Q: A company produces products at a cost of $30 each. Defective products cost an additional $16 each to…

A: Given that:The probability of no defective products is 80%=0.805% of 600=0.05×600=30. So the…

Q: You have $69,000. You put 16% of your money in a stock with an expected return of 14%, 35,000 in a…

A: Amount invested in 1st stock is given by =16% of 69,000=16100×69,000=11,040 Expected Returns on this…

Q: Will pays $5 to play a game at an amusement park.  He has a 25% chance of winning a $15 basketball.…

A:

Q: Life Insurance A 37-year-old woman purchases a $300,000 term life insurance policy for an annual…

A: From the provided information,Probability of surviving, P (surviving) = 0.999053P (death) = 1 -…

Q: P(A)= 0.33, P(B)= 0.32, P(A and B) = 0.12 What is the conditional probability A given B? P(A…

A: Answer: From the given data, P(A) = 0.33 P(B) = 0.32 P(A and B) = 0.12

Q: Do you think this is a good idea? Find the expected value of hosting the tournament.

A: Here Given Club Expense=$12,000 Revenue from ticket=$18,000 Probability of rain=0.2

Q: In a game of​ chance, players pay ​$5 for a chance to win one of two​ prizes: a ​$100 gift card or…

A: given:

Q: Find the expected value of this investment scheme. Profit/Loss Amount Probability -$6200 0.08…

A:

Q: You are deciding to launch your own jewelry line.  After researching the market, you predict you…

A: Given data After researching the market you predict you have a 37% chance of earning a $5200 and a…

Q: possIbie It is estimated that there are 31 deaths for every 10 million people who use airplanes. A…

A: