Mathematics, 08.02.2021 07:30, Jasten
The point guard of a basketball team has to make a decision about whether or not to shoot a three-point attempt or pass the ball to another player who will shoot a two-point shot. The point guard makes three-point shots 30 percent of the time, while his teammate makes the two-point shot 48 percent of the time.
Xi
3
0
P(xi)
0.30
0.70
[Text Wrapping Break]
Xi
2
0
P(xi)
0.48
0.52
What is the expected value for each choice?
Should he pass the ball or take the shot himself? Explain.
Claire is considering investing in a new business. In the first year, there is a probability of 0.2 that the new business will lose $10,000, a probability of 0.4 that the new business will break even ($0 loss or gain), a probability of 0.3 that the new business will make $5,000 in profits, and a probability of 0.1 that the new business will make $8,000 in profits.
Claire should invest in the company if she makes a profit. Should she invest? Explain using expected values.
If Claire’s initial investment is $1,200 and the expected value for the new business stays constant, how many years will it take for her to earn back her initial investment?
Answers: 3
Mathematics, 21.06.2019 20:00, haileyhale5
What are the domain and range of the function f(x)=2^x+1
Answers: 1
Mathematics, 21.06.2019 22:20, jonestmoney381
Jimmy can run 3.5 miles in 20 minutes. how far can ne run in one hour and ten minutes?
Answers: 1
Mathematics, 22.06.2019 00:00, xmiice1981
Idon't get undoing if its pass adding and subtracting so can someone ? x-2 over 5 = 18
Answers: 1
The point guard of a basketball team has to make a decision about whether or not to shoot a three-po...
History, 11.12.2019 13:31
Geography, 11.12.2019 13:31