3/8 is bigger than 3/10. In maths 10ths are smaller than 8ths. If both have three parts it means that 3/8 must be bigger
The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
A late assignment is very much like a late payment on a credit card bill. If you lose 10 points for every day that an assignment is late and you have to pay a fee for however many days you forgot to pay the bill, (you are losing money for having to pay an extra fee). If you start the habits of turning in assignments in late. Those habits will be carried with you into adulthood and you will owe a sum of money since you have failed to pay a bill on time. You will lose points for late work and you will lose money for late bills.
