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Cryptocurrencies are setting a new trend in economics. A new comer wants to earn some money and is interested in two of the newest cryptocurrencies,
Cryptocurrencies are setting a new trend in economics. A new comer wants to earn some money and is interested in two of the newest cryptocurrencies, ADS and GHA respectively. The new comer buys 20ADS and 50 GHA. A and G represent the price changes of the cryptocurrencies. The joint PMF of the price changes is uniform over the set of integers a and g. The given integers are in accordance with the following inequalities. 5a4,3ga3 a) Write the sample space for the cryptocurrencies. b) What are the marginal PMFs of the cryptocurrencies? c) Find the mean change of each cryptocurrency. d) What is the expected profit of the new comer? Will he make money or lose money? Cryptocurrencies are setting a new trend in economics. A new comer wants to earn some money and is interested in two of the newest cryptocurrencies, ADS and GHA respectively. The new comer buys 20ADS and 50 GHA. A and G represent the price changes of the cryptocurrencies. The joint PMF of the price changes is uniform over the set of integers a and g. The given integers are in accordance with the following inequalities. 5a4,3ga3 a) Write the sample space for the cryptocurrencies. b) What are the marginal PMFs of the cryptocurrencies? c) Find the mean change of each cryptocurrency. d) What is the expected profit of the new comer? Will he make money or lose money
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