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#reading-9-probability-concepts

Question

Given 3 probabilities to weight an expected value, which one of the outcomes wil happen?

Answer

none of the outcomes actually produces the amount expected

Tags

#reading-9-probability-concepts

Question

Given 3 probabilities to weight an expected value, which one of the outcomes wil happen?

Answer

?

Tags

#reading-9-probability-concepts

Question

Given 3 probabilities to weight an expected value, which one of the outcomes wil happen?

Answer

none of the outcomes actually produces the amount expected

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**Subject 6. Expected Value, Variance, and Standard Deviation of a Random Variable**

40,000 + 24,000 + 0 = $64,000 Thus, the organizers can expect to take in $64,000. Since it costs $50,000 to stage the event, this translates to a profit of $14,000, so they should certainly go ahead with the venture. <span>It's important to realize that none of the outcomes actually produces an amount of $64,000. This is simply the weighted average of all possible outcomes. Although there is a 50% chance of a loss the big profit that will be made the remaining 50% of the time more than offsets t

40,000 + 24,000 + 0 = $64,000 Thus, the organizers can expect to take in $64,000. Since it costs $50,000 to stage the event, this translates to a profit of $14,000, so they should certainly go ahead with the venture. <span>It's important to realize that none of the outcomes actually produces an amount of $64,000. This is simply the weighted average of all possible outcomes. Although there is a 50% chance of a loss the big profit that will be made the remaining 50% of the time more than offsets t

status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
---|---|---|---|---|---|---|---|

repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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