What is the expected amount of money and variance

Reference no: EM131165861

We have a nickel, dime and quarter in a cup. We withdraw two coins, first one and then the second, without replacement. What is the expected amount of money and variance for the first draw? For the second draw? For the sum of both draws?

Reference no: EM131165861

Questions Cloud

Considering two mutually exclusive projects : Timco is considering two mutually exclusive projects. Project x cost 100 and provides after tax inflows of 88 per year for 2 years. Project Y cost 100 and provides after tax inflows of 70 per year for three years. The cost of funds is 8%. Which pr..

What is the standard deviation : Show that the variance for n independent trials with two outcomes and probability p of success is given by np(1-p). What is the standard deviation? What are the corresponding values for the number of failures random variable?

Develop an implementation plan for your technical solution : Develop an implementation plan for your technical solution. The plan should include a work breakdown structure, a PERT/CPM diagram, and schedule. Discuss the implications for stakeholders' integration considerations; the impact on the company's em..

Employers use pension vesting requirements : Many people believe employers use pension vesting requirements solely for the purpose of retaining employees.-do you think such behavior is ethical? Why or why not?

What is the expected amount of money and variance : We have a nickel, dime and quarter in a cup. We withdraw two coins, first one and then the second, without replacement. What is the expected amount of money and variance for the first draw? For the second draw? For the sum of both draws?

Different types of financial markets : Write a short essay on the different types of financial markets and the impact of recent financial legislation on markets.

Preparing a common-size income statement : Using the consolidated statements of operations, analyze the profitability of Intel by preparing a common-size income statement for the past three years. In addition, calculate sales growth and operating expense growth for each two-year period pre..

What does the employment retirement income security act : What do you think Mrs. Jones should do at this point? - What does the Employment Retirement Income Security Act of 1974 have to say about this issue?

Summarize and combine the information about the families : To analyze the interview results, compare and contrast common themes of the families' demographics, sociological, physiological, psychological, and cultural aspects. Explain the issues or problems that may exist for the families.

User Account

All Pages