The probability distribution gives the potential cost of routine maintenance and major repairs in the first 5 years you own a car. cost over 5 years0$500$1,000$1,500$2,000probabi lity of cost incurred0.190.670.090.040.01what is the expected cost of routine maintenance and major repairs for the 1st 5 years you own the car? (recall: the expected value is the mean.)a. 505b. 5000c. 101d. 1000

A. 505

Step-by-step explanation:

The expected cost is given by the sum of each possible outcome's value multiplied by its probability:

The expected cost of routine maintenance and major repairs for the 1st 5 years you own the car is $505.

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%

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step-by-step explanation: