Let be a random variable denoting the amount of winnings in any given round of the game. There is some probability
of winning where
, while
, assuming these are the only two possible outcomes. So we have
Cherries cost $5 for 2 pounds and $7.50 for 3 pounds. Question: a. What is the cost per pound? b. Is it constant? c. If you were
1 answer:
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Selection B is appropriate.