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An individual has $ 100 initially. He repeatedly plays a game of chance in which he earns $ 100 with probability 0.8 or loses $ 100 with probability 0.2. The stops playing at the first of two possibilities: he has no more money or he has 400$.
(A) On average, how many times will heplays?
(B) What is the probability that he will end with $ 400?
(C) Calculate the expected profit. Would he have had a better expected profit if he started with $ 200?
Flifla sells tomatoes every day in Suk al Marqazi, the downtown fruit and vegetable market. He finds that he can order tomatoes in crates of 25 kg and he is able to stock a maximum
You are working for the management of ESK Jewellery as a marketing consultant. The main business of ESK Jewellery is the retailing of diamond jewellery. They opened their first sho
if sales is 6800 and variable costs are 2856 what is the variable cost percentage?
foster company makes 20000 units per year that in uses in products it manufactures
While the differences between IFRS and GAAP are reducing, there still are significant differences between the two. While the IFRS has been developed by the IASB (International A
each student will be assigned a homework problem which requires data collection using an information system. Two scores are given: 1- adequacy of data collection and relevancy ( M2
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Regression line drawn as y=c+1075x, when x was 2, and y was 239, given that y intercept was 11. Caculate the residual
log4(4/16x+4)=54
We start reading and display the data: library (UsingR) data(galileo) g2=galileo$init.h-500 gl=galileo$h.d par(bg='cornsilk') plot(gl,g2,pch=20,col="red",cex=2,yl
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