3. The probability that a bit coin investor will sell his stocks at a profit of...
Fantastic news! We've Found the answer you've been seeking!
Question:
![](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2022/05/62861d933ac8c_56362861d930b750.jpg)
Transcribed Image Text:
3. The probability that a bit coin investor will sell his stocks at a profit of $10500 is 0.22, the probability to sell at a profit of $4000 is 0.35, the probability to break even is 0.32 and the probability that he will sell at a loss of $5000 is 0.11. What is his expected profit? 3. The probability that a bit coin investor will sell his stocks at a profit of $10500 is 0.22, the probability to sell at a profit of $4000 is 0.35, the probability to break even is 0.32 and the probability that he will sell at a loss of $5000 is 0.11. What is his expected profit?
Expert Answer:
Answer rating: 100% (QA)
For calculating expected profit we have to multiply ProfitLoss in each sc... View the full answer
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
Posted Date:
Students also viewed these accounting questions
-
At a Noodles & Company restaurant, the probability that a customer will order a nonalcoholic beverage is .38. Use Excel to find the probability that in a sample of 5 customers (a) None of the 5 will...
-
The probability that a lab specimen contains high levels of contamination is 0.10. Five samples are checked, and the samples are independent. (a) What is the probability that none contains high...
-
The probability that a customers order is not shipped on time is 0.05. A particular customer places three orders, and the orders are placed far enough apart in time that they can be considered to be...
-
is an acute angle such that tan() =1/3. What is the value of 1010. (sin + cos)? 3.
-
What is activity analysis, and how is it used with cost driver analysis to manage costs?
-
What would you expect to happen to market supply if variable costs decreased for individual firms in the market?
-
The present value and future value concepts are applied to measure the amount of several accounts common in accounting. What are some accounts that are valued in this manner? LO 8
-
Holt Company purchased a computer for $8,000 on January 1, 2009. Straight-line depreciation is used, based on a 5-year life and a $1,000 salvage value . In 2011, the estimates are revised. Holt now...
-
(1 point) Use implicit differentiation to find an equation of the tangent line to the ellipse defined by 2x2 - 5xy + 4y - 29 at the point (-5, -1) An equation of the tangent line is
-
The client's husband attacked her so severely that she was hospitalized. They are now separated, and the client wants to sue her husband. The husband still lives on the military base where they lived...
-
In terms of training techniques, on which principle does behaviour modification operate
-
What experiences have you had working in an environment where wearing protection was required? Did you wear personal protective equipment (PPE) willingly? Could the type of PPE provided have been...
-
55000 cost provided to employee to use privately and garages at home, life 8 years ,stamp duty 2500, fuel 800per month, insurance 1500, rego 685 employee puts 100 per month fb provided from 1 august...
-
Wind speed from a manometer reading. With the wind tunnel off ( u = 0 m / s ) , the manometer reads zero inches of water difference between the pitot and static ports. What is the wind speed when you...
-
Consider a straight piece of copper wire of length 6.5 m and diameter 4 mm that carries a current I = 7.5 A. There is a magnetic field of magnitude B directed perpendicular to the wire, and the...
-
Explain a time where you had a conflict with a customer or coworker. How did you handle it ?
-
41 (1 point) Employees with an emotional attachment to, identification with, a particular organization are likely to have which of the following? high level of work motivation higher absentee
-
9.Consider the reaction 3NO2(g)+H2O=2HNO3(aq)+NO(g) where Delta H=-137 kJ.How many kilojoules are released when 92.3g of NO2 reacts?
-
The length of a certain kind of Colorado brook trout is normally distributed with a mean of 12.5 inches and a standard deviation of 1.2 inches. What minimum size limit should the Department of...
-
The sodium content of a popular sports drink is listed as 220 mg in a 32-oz bottle. Analysis of 10 bottles indicates a sample mean of 228.2 mg with a sample standard deviation of 18.2 mg. (a) Write...
-
Find the associated z-score for each of the following standard normal areas. a. Lowest 6 percent b. Highest 40 percent c. Lowest 7 percent
-
Here are two companies: Young corporation and Mature corporation. Young Corporation grows very rapidly, does not pay any dividends and retains all its profits. Mature Corporation stopped growing a...
-
A reverse split is just like a split, but only in a reverse direction. For example, in 1 for 2 reverse split, you receive 1 shares for every 2 shares you hold. How would your answers to the previous...
-
Here is data on the stock prices and returns of General Electric, Boeing and S&P 500 index. Calculate the highlighted cells. A B C D E F G 1 Date GE MONTHLY RETURNS ON GE, BOEING, S&P500, 2000 GE...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App