Answer:
-$0.16
Step-by-step explanation:
The expected value is the sum of the outcomes multiplied by their probabilities.
E(X) = 1/38 (+68) + 37/38 (-2)
E(X) = -0.16
Answer:
35,000
Step-by-step explanation:
^4 means 4 zeros
10^4 = 10,000
3.5 times 10,000 =
35,000
Answer:
0.38
Step-by-step explanation:
First, we convert the fraction to a decimal number by dividing the numerator by the denominator:
3 / 8 = 0.375
There are two parts to the decimal number above:
Integer Part: 0
Fractional Part: 375
Now, we will make the Fractional Part just two digits (nearest hundredth) by using our rounding rules.*
In this case, Rule II applies, so 3/8 (or 0.375) rounded to the nearest hundredth in decimal format is:
0.38
