Instruction 5 -Referring to Instruction 5

question 47

Short Answer

Instruction 5.3
There are two houses with almost identical characteristics available for investment in two different neighbourhoods with drastically different demographic composition. The anticipated gain in value when the houses are sold in 10 years has the following probability distribution:
Returns
$$\begin{array} { | c | c | c | } \hline \text { Probability } & \text { Neighbourhood A } & \text { Neighbourhood B } \\\hline 0.25 & - \$ 22,500 & \$ 30,500 \\\hline 0.40 & \$ 10,000 & \$ 25,000 \\\hline 0.35 & \$ 40,500 & \$ 10,500 \\\hline\end{array}$$
-Referring to Instruction 5.3,what is the standard deviation of the value gain for the house in neighbourhood B?

---

Definitions:

Biological Aspect

Pertaining to the physiological and genetic factors that influence an organism’s behavior, structure, and function.

Family Context

The environmental and relational factors within a family that influence and shape individuals' behaviors and developmental outcomes.

Marital Status

is a legal or social category that indicates whether an individual is unmarried, married, divorced, widowed, or in a partnership.

Chronological Age

The exact age of an individual, measured in years, months, and days, from the date of birth.