You want to invest​ $10,000. Your financial advisor suggests a certain mutual fund. You want to know on average what you can expect to happen with this investment in a​ year's time. The financial advisor gives you 3 possible outcomes for this mutual fund along with the probability of each outcome happening. Which statistical tool would be the best to use in to find what you would expect to happen on average if you invested in this mutual​ fund? A. Calculate a​ 95% confidence interval for the mean   B. Calculate the expected value   C. Calculate the z score and associated probability to predict the outcome   D. Calculate the margin of error

Q: Consider the following table: Value of X Probability -4 0.15 -2 d 1 0.3 2 0.3 1. What is the value…

A:

Q: In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been…

A:

Q: Probability Returns on A Returns on B 24% 45% 0.2 0.35 0.3 0.15 9% 3% -5% 10% -10% -25% For the…

A: Given the data asProbabilityReturns on AReturns on B0.224%45%0.359%10%0.33%-10%0.15-5%-25%

Q: Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the…

A: It is given that the probability of total loss of only the above water superstructure is 0.40, the…

Q: 30. IRS Audits The Hemingway Financial Company prepares tax returns for individuals. (Motto: "We…

A:

Q: 3. Today's local newspaper lists 20 stocks "of local interest." Of these stocks, ten increased, five…

A: Hi! Thank you for the question , As per honor code, we are allowed to answer one question at a time…

Q: A company is in the business of finding addresses of long-lost friends. The company claims to have a…

A: Given that n=8 , p=80%=0.80 X~Binomial(n=8,p=0.80) X=Number of friends for whom addresses will found…

Q: Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the…

A:

Q: Terry is a typical investment advisor at BeatTheMarket.com. Each stock that Terry recommends…

A: a) Let X denotes the number of stocks recommended by Terry that will outperform the stock market…

Q: If you have 3 choices, with the exp ( scaled net utility) being: 1.25 , 2.75 ,1.125 , for choice 1…

A: Given that, there are 3 choices, with the exp ( scaled net utility) being:  1.25 , 2.75 ,1.125 , for…

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

A:

Q: Organizing a fundraiser is a tough job, but calculating probabilities can improve your chances of…

A: Note: Hi there! Thank you for posting the question. As you have posted multiple questions, as per…

Q: Proportion of 3s 0.2 0.15 0.1 0.05 20 40 60 80 100 Frequency Probability

A: The proportion of 3 means that the number of times 3 comes in the total number of times when the…

Q: one with a 95% confidence level and the other with a 99.7% confidence level. Which interval is…

A: Confidence interval is probability, which refers that population parameter will fall within set of…

Q: K An investment counselor calls with a hot stock tip. He believes that if the economy remains…

A: Given: If the economy remains strong, the investment  will result in a $40,000 profit with a…

Q: A beam may have an internal crack in it. You are entrusted with the decision of whether to spend…

A: The given information is as followsThe cost of repair is The damage if the beam is fails is

Q: A 40-year-old man in the U.S. has a 0.247% risk of dying during the next year. An insurance company…

A: Given information- We have given that a 40-year-old man in the IS has a 0.247% risk of dying during…

Q: In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been…

A:

Q: You are doing market research for a client in the fashion industry on dress styles and pockets. You…

A: Represent  given information  in tree diagram

Q: According to the tables used by insurance companies, a 39-year old woman has a 0.163% chance of…

A:

Q: An insurance company sells a policy for $800. There is a 1/20 chance that the insurance company will…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: At a popular department store, customers receive a scratch - off card when they are at the checkout…

A: 6)Discount10%20%30%40%Probability0.200.200.200.20Sum of probabilities = 0.20+0.20+0.20+0.20 = 0.80A…

Q: You have a 30% chance of getting job A with a salary of $20,000 the first year. It will cost you…

A: Given : Chance of getting job = 0.30   (30%) First year salary = $20,000 expenses = $500

Q: Suppose that about 23% of ice cream sales are vanilla and that about 11% of ice cream sales are…

A: Given,P(ice cream sales are vanilla)=0.23P(ice cream sales are chocolate)=0.11

Q: Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the…

A: During the next five years, the probability of total loss of only the above-water superstructure…

Q: The probability of a success is .45. If you have a sample of 13 people, what is the probability that…

A: Bin(n=13, p=0.45)

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

A:

Q: A restaurant is planning to open in town. They estimate that there is a 50% probability that is will…

A: It is given that there is a 50% probability that is will make $50,000, a 15% probability that it…

Q: The Walker Construction Company has just received a building contract. Walker estimates there is a…

A: Let us assume X= amount of profit  Breakeven means no profit. Let us make a probability distribution…

Q: Winston's assembly unit has decided to use a p-Chart with an a risk of 1 % to monitor the proportion…

A: Given that the production manager randomly samples 200 metal shafts at 16 successively selected time…

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains strong,…

A: The data is defined below as follows:   From the information, given that   Let X1 denotes the event…

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: What is the Expected Return for Amazon? O 17.25% O 19.50% O 15.10% None of the above

A: Given:   Pandemic Recession Stable Growth Annual expected return of amazon 27.0% -5.0% 12.0%…

Q: Organizing a fundraiser is a tough job, but calculating probabilities can improve your chances of…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1. Tom and Jerry are brothers in a math class. The teacher estimates that for each class, the…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Q17. A single share of a stock was purchased prior to the company's release of its quarterly report.…

A: We have to find the expected value of the stock two weeks from now.

Q: Answer the Following Question Michael is 90% accurate with throwing paper wads in the trash can.…

A: We have to find given probability