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Math 110 Test 4 Certification Review Exam Questions With Multiple Choices And Verified Answers. $12.99   Add to cart

Exam (elaborations)

Math 110 Test 4 Certification Review Exam Questions With Multiple Choices And Verified Answers.

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  • Course
  • MAT 110
  • Institution
  • MAT 110

How do you find the expectation of a situation? - correct answer Multiply each possible outcome by the probability they occur and add the results. When dealing with expectation questions involving gambling what should you always do? - correct answer ...

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  • October 28, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MAT 110
  • MAT 110
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RealGrades
Math 110 Test 4

How do you find the expectation of a situation? - correct answer Multiply each
possible outcome by the probability they occur and add the results.



When dealing with expectation questions involving gambling what should you always do? - correct
answer Multiply the money bet with possible winnings.



What does I, P, r, t, and n - correct answer I=Interest

P=principal (original $ value)

r=Interest rate

t= time (# of years)

n= Compound value (# of time compounded per year)



Mean - correct answer Average (find by adding all the elements up and divide by
the total # of elements)



What is the exact method and what is the original method? Which one should you use? - correct answer
-Used for converting t from days to years

Exact method- #of days/365

Ordinary method: #of days/360. (Use ordinary)



Median - correct answer The middle value or mean of the 2 middle values.



Mode - correct answer the value that occurs most frequently may be one or more
or none



Weighted mean - correct answer Used when not all values are equally important
(have different weights)

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