Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me solve it QUESTION 4 You are a rich bank executive trying to decide on whether to invest in a hot new company

please help me solve it

image text in transcribed
QUESTION 4 You are a rich bank executive trying to decide on whether to invest in a hot new company that makes Halloween decorations. The company has a 15% chance of being successful and earning $100 million and an 85% chance of failing and losing $20 million. Ifyou invest in the company, what is the expected value of your investment? Enter your answer as a number of millions of dollars. QUESTION 5 Which of the following are examples of binomial distributions? Select all that apply. a. A new casino game involves rolling twenty dice simultaneously. If you get a 6 on every die, you win! Let X be the number oftimes you win in 100 games. b-You have a weighted die that has a 60% chance of rolling a 1. Let X be the sum of five rolls of the die. c. You flip a fair coin repeatedly until you get heads. Let X be the number of flips it took to get heads. d-A car manufacturer notices that approximately 5% of their cars have some sort of minor issue. Suppose they test 200 cars chosen at random, and let X be the number that have a minor issue. 1 points 2 points Save Answer Save

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Mathematics questions