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.
Answer:
3rd option.
Step-by-step explanation:
= 4
move 5 to the other side of the equation.
2|k| = 5(4)
2|k| = 20
move 2 to the other side of the equation.
|k| =
k = 10
Answer:
The value is
Step-by-step explanation:
From the question we are told that
The probability that the student knows the answer to the question is
The probability that that the student will guess is
The probability that that the student get the correct answer given that the student guessed is
Here W denotes that the student gets the correct answer
Generally it a certain fact that if the student knows the answer he would get it correctly
So the probability the the student got answer given that he knows it is
Generally from Bayes theorem we can mathematically evaluate the probability that the student knows the answer given that he got it correctly as follows
=>
=>