Answer:
Step-by-step explanation:
The slope intercept form is .
The "" is the slope; which in this case is -3. So
.
The "" is the y-intercept, which is this case is the -8 because it is the 2nd number in the coordinate point.
This is why the answer is .
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.