Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you were given a table with the cost of a hamburge

You were given a table with the cost of a hamburger In a town and...

90.2K

Verified Solution

Question

Basic Math

image

You were given a table with the cost of a hamburger In a town and the associated probability of each cost. You foundthe expected value to be $2.87. Which statement is correct?The average cost of a hamburger is $2.87.You found the expected value by adding up the costs, then dividing by the sum of the probabilities.There are more restaurants that sell a hamburger for $2.87 than there are for any other price.You know the price of a hamburger at every restaurant in town.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

how has the concept of supervision changed over the past century? what factors have brought about these...

Psychology
Q

Select the correct answer David is interested in writing about seaweed fish and invertebrates for...

Biology
Q

44 A ball is thrown at an angle of incidence 0 on a horizontal plane...

Physics
Q

Chapter 8 Where the secondary datum feature is included in the lower segment of a...

Basic Math
Q

Week 4 ACC Computer-assisted audit techniques (CAATs) are becoming more popular in recent years. ...

Accounting
Q

Glavine Company repaid a bank loan with cash. the cash flow from this event should...

Accounting
Q

Fill in the missing information from the balance sheet. Valley Technology Balance Sheet As of...

Accounting
Q

The country of Airess has a tax rate of 10% on the first $25,000, then...

Accounting
Q

2) Captain Transfer Corporation generated excess cash and invested in securities as follows: Requirements 1....

Accounting
Q

1 Comparative financial statement data for Carmono Company follow: 3.33 points References...

Accounting
Q

Four month prior to the commencement of her bankruptcy melisa gave a $ 45000sports car...

Accounting
Q

Most grocery stores use bar code scanning technologies that interface with cash registers used to...

Accounting