What is the standard deviation of that selection

Assignment Help Finance Basics

Reference no: EM13262166

John is watching an old game show rerun on television called Let's Make a Deal in which the contestant chooses a prize behind one of two curtains. Behind one of the curtains is a gag prize worth $71, and behind the other is a round-the-world trip worth $9,262. The game show has placed a subliminal message on the curtain containing the gag prize, which makes the probability of choosing the gag prize equal to 75 percent.

What is the expected value of the selection?
What is the standard deviation of that selection?

Reference no: EM13262166

Questions Cloud

Calculate the value of frazier stock : Frazier Manufacturing paid a dividend last year of $2, which is expected to grow at a constant rate of 5%. Frazier has a beta of 1.3. If the market is returning 11% and the risk-free rate is 4%, calculate the value of Frazier's stock.

Explain what is the minimum cyanide concentration needed : The Ksp for silver cyanide is 1.2x10^-8, the Ksp for zinc cyanide is 8.0x10^-12, and the Ksp for aluminum cyanide is 2.3x10^-21. What is the minimum cyanide concentration needed to precipitate each condition

What is the yield to maturity for an swh corporation bond : What is the yield to maturity for an SWH Corporation bond on January 1, 2010 if the market price of the bond on that date is $950?

Personal affiliations are important for nursing leaders : Personal affiliations and networking are important for nursing leaders. Why are these important? How will they benefit you in your career future?

What is the standard deviation of that selection : The game show has placed a subliminal message on the curtain containing the gag prize, which makes the probability of choosing the gag prize equal to 75 percent.

Determine the sending end quantities and voltage regulation : The ABCD constants of a three-phase, 345-kV transmission line are A = D = 0:98182 + j0:0012447. The line delivers 400 MVA at 0.8 lagging power factor at 345 kV. Determine the sending end quantities, voltage regulation, and transmission efficiency.

How to calculate the potential of the cell : Calculate the potential of the following cell and indicate whether the reaction is expected to be spontaneous

Determine the abcd constant of the line : A three-phase, 345-kV, 60-Hz transposed line is composed of two ACSR 1,113,000, 45/7 Bluejay conductors per phase with flat horizontal spacing of 11 m. The conductors have a diameter of 3.195 cm and a GMR of 1.268 cm.

Compute the potential of the following cell : Calculate the potential of the following cell and indicate whether the reaction is expected to be spontaneous. Cr + 3 Ag+ ---> Cr3+ + 3Ag

User Account

All Pages