I need an explanation, I don't understand them
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The expected value of the winnings from the game is $4
<h3>How to determine the expected value?</h3>The payout probability distribution is given as:
Payout ($) 2 4 6 8 10
Probability 0.5 0.2 0.15 0.1 0.05
The expected value is then calculated as:
This gives
E(x) = 2 * 0.5 + 4 * 0.2 + 6 * 0.15 + 8 * 0.1 + 10 * 0.05
Evaluate the expression
E(x) = 4
Hence, the expected value of the winnings from the game is $4
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Answer:
<em>6 days</em>
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Step-by-step explanation:
Let the time taken by Carpenter working alone = days
Then time taken by apprentice alone = Twice as that of taken by Carpenter = 2 days
Time taken working together = 2 days
Work done in one day working together =
Work done in one day by Carpenter working alone =
Work done in one day by apprentice working alone =
Work done in one day by Carpenter working alone + Work done in one day by Carpenter working alone = +
= Work done in one day working together =
Time taken by Carpenter alone to complete the work = 3 days
Time taken by Apprentice alone to complete the work = 3 2= <em>6 days</em>