Purchase Solution

expected value

Not what you're looking for?

Ask Custom Question

Consider the experiment of throwing an ideal die three times(all outcomes are equally likely). Let X and M denote the mean and the median respectively, of the three scores obtained.

a) find E(X)

Purchase this Solution
Solution Summary

The expected value scores for an ideal die is found.

Solution Preview

Probability of Each outcome = 1/6

Expected Value of Each ...

Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

View More Free Quizzes
Related BrainMass Solutions

  • Probability Model; Decision Maker is Risk Neutral; Test Results

    Value of information in the test: EVSI= Expected value with test information - Expected value with no test In this case Expected value with no test = 16000 Expected value with test information = 16,482 Thus expected value of test information = 16,482

  • Probability: Historic Probability and Expected Value

    Based on historical data: Expected value that 0 will join is 0 X 0.1 = 0 Expected value that 1 will join is 1 X 0.2 = 0.2 Expected value that 2 will join is 2 X 0.4 = 0.8 Expected value that 3 will join is 3 X 0.2 = 0.6 Expected value that 4 will

  • Managerial Decision Making Expected Value

    250181 Expected-value decision rule Conduct an Internet and literature search on the topic of the expected-value decision rule. Discuss your findings. Review how the expected-value decision rule played a part in a recent decision you made.

  • Valuation Models

    Current value of debt=Expected value of debt in one year/(1+risk free rate)^1=20/(1+4%)=$19.23077 M Current Value of equity=Total expected value-current value of debt=39.81481-19.23077=$20.58404 M c.

  • Solving for the Expected Dollar Value

    At the end of the year, the yen value is expected to be. $.011; the Swiss franc value is expected to be $1.08, and the euro value is expected to be $1.31. Calculate expected dollar cash flows for the company by currency and total.

  • Fair value of stock

    Fair value of the stock is the discounted value of dividends and the discounted value of the expected price of stock after 7 years.

  • Expected value of the investment's payoff

    expected value of the investment's payoff.

  • Expected value of cash flow and revenue

    132411 Expected value of cash flow and revenue I.

  • Fund expansion, Zymase research strategies, Ideko's profitability

    Holders = Expected payoff of value - Expected value of debt Expected value of debt = 100% * 40 + 0% * 40 = $40million Expected payoff for Equity Holders = $75 - $40 = $35 million For Project B: Success (50%) Failure (50%) Expected Value of

  • Expected Value, Risk Measurement and Relative Risk

    mass function p(x), then the expected value becomes Project A Probability Cash flow Expected value 0.50 $200,000 $100,000 0.50 $ 300,000 $ 150,000 $250,000 Project B Probability Cash flow Expected value 0.05 $0 $0 0.80 $ 200,000

View More Related Solutions