Solve the problem.32) A contractor is considering a sale that promises a profit of $23,000 with a probability of 0.7 or a loss(due to bad weather, strikes, and such) of $13,000 with a probability of 0.3. What is the expectedprofit?A) $16,1000653D) $25,200B) $12,200C) $10,00032)22)

Given that A contractor considering a sale that promises a profit of $23000 with a probability of…

Answered: we the problem. 32) A contractor 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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Please answer question 17. Thank you!
2. Statistical measures of stand-alone risk Remember, the expected value of a probability distribution is a statistical measure of the average (mean) value expected to occur during a possible circumstances. To compute an asset's expected return under a range of possible circumstances (or states of nature), multiply the anticipated return expected to result during each state of nature by its probability of occurrence. Consider the following case: Ethan owns a two-stock portfolio that invests in Happy Dog Soap Company (HDS) and Black Sheep Broadcasting (BSB). Three- quarters of Ethan's portfolio value consists of HDS's shares, and the balance consists of BSB's shares. Each stock's expected return for the next year will depend on forecasted market conditions. The expected returns from the stocks in different market conditions are detailed in the following table: Market Condition Probability of Occurrence Happy Dog Soap Black Sheep Broadcasting Strong 0.50 50% 70% Normal 0.25 30% 40% Weak…
George buys six lottery tickets for $2 each. In addition to the grand prize, there is a 20% chance that each lottery ticket gives a prize of $4. Assume that these tickets are not grand prize winners. a.What is the probability that the tickets are winners more than the average that George expected? b.What is the probability that none of the tickets are winners? c.What is the probability that at least one of the tickets is a winner?
intervals likely.) C a. Create a probability model for the number of children they might have. b. Find the expected number of children. c. Find the expected number of boys they'll have. 14. Carnival A carnival game offers a $100 cash prize for anyone who can break a balloon by throwing a dart at it. It costs $5 to play, and you're willing to spend up to $20 trying to win. You estimate that you have about a 10% chance of hitting the balloon on any throw. a. Create a probability model for this carnival game. b. Find the expected number of darts you'll throw. c. Find your expected winnings. 15. Software A small software company bids on two contracts and knows it can only get M Th 441 Dec 24 10:54 0
Theoretical probabilities are A. Relative frequency at which an event happens after infinitely many repetitions. B. relative frequencies which an event happens after a finite numbers of repetitions. C. long-run relative frequencies. D. Short-run relative frequencies. E. Both A and C F. Both B and D
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we the problem. 32) A contractor is considering a sale that promises a profit of $23,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $13,000 with a probability of 0.3. What is the expected profit? A) $16,1000453 B) $12,200 C) $10,000 D) $25,200 105.00. 32) 221