User Account

All Pages

Probability distribution for all potential outcomes

Assignment Help Finance Basics
Reference no: EM131227041

Mike is taking 2 classes this summer. He is taking Stat and History. He knows that he will earn either pass or fail each class. The results in each class are independent of one another. He also knows that he has a 10% chance to fail History and a 20% chance to fail Stat. The amount loss of failing a class is $1,000. Set up a probability distribution for all potential outcomes of Mike takin the two classes this summer. Then use that distribution to calculate his expected $ loss for the summer.

Reference no: EM131227041

Questions Cloud

How large is the company in relation to its competitors : How large is the company in relation to its competitors? How fast is the company growing? How profitable is the company? What is the company's price to earnings ratio? What does this tell you about the company?
Randomly selected customer saves : Suppose that half of the customers purchase a sweater that retails for $100 and another half purchases a suit that retails for $150. What's the probability that a randomly selected customer saves more than $40 by using one of these coupons?
Is the check a bearer instrument or an order instrument : Is the check a bearer instrument or an order instrument? - Did Glenn's delivery of the check to Carol constitute a valid negotiation? Why or why not?
Calculate the probability that an employee selected : Calculate the probability that an employee selected at random from this group will be opposed. -  Calculate the probability that an employee selected at random from this group will be female.
Probability distribution for all potential outcomes : Set up a probability distribution for all potential outcomes of Mike takin the two classes this summer. Then use that distribution to calculate his expected $ loss for the summer.
Identify the ethical considerations that must be considered : Identify the ethical considerations that must be considered. Discuss the implications of the ethical considerations. Define the purpose of the research.
Probability an that a wins at the nth trial : i) What is the probability an that A wins at the nth trial? ii) What is the probability α that A wins overall?
How you would address the behavior differently : Identify a team behavior problem (i.e. - negativity, no participation, scapegoating, etc.) and post it to the discussion forum. Be sure to explain what resulted from the behavior and how you would address the behavior differently.
Graph and find the probability of the given scores : In excercises 17-36, assume that a randomly selected subject is given a bone density test. Those test scores are normally distributed with a mean of 0 and a standard deviation of 1. In each case, draw a graph and find the probability of the give..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd