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What is the probability that you will lose your license for leaving the scene of an accident The car you hit was parked and no one was hurt?
most likely
If you have a 62.4 chance of winning but if you lose you lose 2 but if you win you win 1. will you come out on top?
You need to calculate your mathematical expectation.For the winning case, your gain is: 0.624 x 1 For the losing case, your gain is: (1 - 0.624) x (-2) (So, in each case, probability multiplied by the amount you would win/lose.) Do the calculations, and add everything up. If the sum is positive, the game is in your favor.
What information is lost when a histogram is used to represent a data distribution of a dot plot?
The main loss is the correlation, if any, between the variables. You also lose the exact value of individual data points.
If you have 5 football matches with 3 outcomes win lose or draw how many different combinations are there?
3 + 3 + 3 + 3 + 3 = 15 total possible outcomes. You can 'prove' this by laying out a table of possibles where a user might tick the result of each game..... Match....1....2....3....4....5 Win......._...._...._...._...._ Lose......_...._...._...._...._ Draw....._...._...._...._...._
Why is the number of shares held by stockholders discrete?
It is discrete because if it did have decimals, lots of money would be lost. For example, if you have a stock at $20.36, and you buy 100.2 shares, the value of those shares is $2040.6828. If over a period of time, the stock goes up $2, it it will be at $22.36. This makes the value of shares $2240.472. Basically, you have earned $199.7892. But now what do you do with the .7892? If you decide to round up to .79, but a thousand people are selling their 100.2 shares, then they are owed a total of $.8. If this happens every day over a year, they are owed $29.2. If every stock did that then the extra amount owed due to the rounding would be massive. Looking the other way, if you round down every time to .78, then each person holding 100.2 shares will lose $.0092. Again if there are 1000 people, collectively they will lose $9.2. And over a year, that is $3358 that just disappears. Because you can neither round up or down (because it will result in disaster) the amount of shares held by the shareholders must be discrete.
