Answer: 3
Step-by-step explanation:
Answer:
Step-by-step explanation:
For each game played the chance of winning is 0.05 and losing is 0.95.
If the student wins, they get $5 -$1 = $4, but they lose $1.
<u>Expected value is:</u>
It means you will make $0.75 per average game.
Answer:
x=amount invested at 7%
2x=amount invested at 8%
3x=amount invested at 9%
interest=principal*rate*time (time=1 year)
$150=0.07x+0.08*2x+0.09*3x
$150=0.07x+0.16x+0.27x
$150=0.50x
$1500=5x
x=$300 invested at 7%
2x=$600 invested at 8%
3x=$900 invested at 9%
Step-by-step explanation:
