Solve the expression for a=12 , b=6 and c=3
1 answer:
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Answer:
Step-by-step explanation:
6^4/6^1
6^(4-1)
=6^3
Answer:
The expectation of the policy until the person reaches 61 is of -$4.
Step-by-step explanation:
We have these following probabilities:
0.954 probability of a loss of $50.
1 - 0.954 = 0.046 probability of "earning" 1000 - 50 = $950.
Find the expectation of the policy until the person reaches 61.
Each outcome multiplied by it's probability, so:
The expectation of the policy until the person reaches 61 is of -$4.