Answer: 192 ft
Step-by-step explanation:
Answer:
Expected value would be $ 0.896
Step-by-step explanation:
Given,
The price of the lottery ticket = $44800000,
Also, the probability of winning the grand prize = .000000020,
Thus, the expected value of the lottery ticket = value of the lottery ticket × probability of getting the lottery ticket
= 44800000 × .000000020
= $0.896
Note : value of lottery ticket = prize amount - cost of each ticket,
Here the cost price of a ticket is not given,
That's why we did not consider it.
Part A:
Given the function

, the absolute maximum or minimum occurs when

.

Using the second derivative test,

Since the second derivative gives a negative number, the given function has a maximum point at

.
And the maximum point is given by:

i.e.

Part B:
Given the function

, the absolute maximum or minimum occurs when

.

Using the second derivative test,

Since the second derivative gives a negative number, the given function has a maximum point at

.
And the maximum point is given by:

i.e. (0.693, 0.25)
Answer: 82%
Explanation:
1898.3/2315 x 100
0.82 x 100 = 82%