can you show me steps to find the answer to this The probability model below is
ID: 3309252 • Letter: C
Question
can you show me steps to find the answer to this
The probability model below is a little bit different. While you can not find the expected value from this table, you should be able to write two equations that must be true in the probability model. If you are told that the expected value is $0.40, which two equations must be true?
Select one:
4x - 2y + z = -0.74 AND x + y + z = 0.94
4x - 2y + z = 1.14 AND x + y + z = 0.06
4x - 2y + z = 0.74 AND x + y + z = -0.94
4x - 2y + z = -1.14 AND x + y + z = -0.06
outcome $4 - $2 $1 $19 probability x y z 0.06Explanation / Answer
Ans:
Expected value=4x - 2y + z +19*0.06= 0.4
4x - 2y + z +1.14=0.4
4x-2y+z=-0.74
Also,
x+y+z+0.06=1
x+y+z=1-0.06=0.94
x+y+z=0.94
Hence ,the correct option is :
4x-2y+z=-0.74 and x+y+z=0.94
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.