A box contain 10 balls, of which 8 aremarked 2$ and 2 are marked 5$. Aperson selects 3 balls at randomwithout replacement from box. If theperson is to receive the sum of theresulting amounts, then hisexpectation is *

here given b0x contains total 10 balls 8 of ball marked with $2 2 of ball marked with $5 here 2…

Answered: person is to receive the sum of the…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Five people (Alex, Byron, Chloe, Dexter, and Emily) form a club, N = {A, B, C, D, E). Chloe and Emily are women, and the others are men. If they choose a president randomly, find the odds against Emily becoming president. The odds against Emily becoming president are to (Type whole numbers.)
Solve c,d
1. ABC inc. stock is currently selling for $30, one year from today the stock price can either increase by 20% or decrease by 15%. The probability of an increase in the stock price is equal to 0.3. The one-year risk-free rate is 5% What is the value of a European put that expires in one year with an exercise price of $24. 2. Graphically, show the value and the profit and loss of the following butterfly position: Long in a call with an exercise price of $30, short in 2 calls with an exercise price of $45, and long in a call with an exercise price of 60. All calls are written on the same stock and have the same maturity. 3. "Early exercise of an American option on a stock that does not pay any dividend is not optimal regardless of whether the option is a Call or a Put". True, False, or Uncertain. Explain.
< CO 2. There is a 0.9987 probability that a randomly selected 32 year-old male lives through the year. A life insurance company charges $169 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $110,000 as a death benefit. (a) From the perspective of the 32 year old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ The value corresponding to not surviving the year is $ (b) If 32 year-old male purchases the policy, what is his expected value? The expected value is $ (Round to the nearest cent as needed.) « Previous Next » LAON 23 3D 昌吧 MacBook Air 000 000 DD F7 公 F3 F4 F5 F6 F8 $ 4 5. 6 80
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Solve a,b

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person is to receive the sum of the resulting amounts, then his expectation is