Answer:
Loss of $1.20
Step-by-step explanation:
The possible outcomes for this lottery and their probabilities are:
- a 1 in 100 chance of winning $450
- a 2 in 100 chance of winning $120
- a 4 in 100 chance of winning $30
- a 93 in 100 chance of losing $10
Therefore, the expected value of this lottery when buying one ticket is:
Therefore, you are expected to lose $1.2 per ticket.
Step-by-step explanation:
Slope, which is the same as gradient, is equal to
change in y axis ÷change in x axis
<h3>Our coordinates are (-12,-12) and (9,-9)
In (-12,-12),let the first -12 be <em>x1</em><em> </em>and the second one be <em>y1</em>
Same goes for the (9,-9), let 9 be <em>X2</em><em> </em>and -9l be <em>y2</em>
<em></em>
<em></em>
<em></em>
<em>=</em>0.1428571429
= 0.1429