Expected value of the bet is
the sum of the products of value of outcome and its probability,
less the amount paid to place the bet.
Outcomes value probability
win 225 1/4
lose 0 3/4
cost of bet = 40
So expected value of bet
E[X]=225*(1/4)+0*(3/4)-40
=56.25-40
=16.25
This means that in the long run, gambler will win, since the expected value is positive. (does NOT mean she will win in the next bet!)
Answer:
5
Step-by-step explanation:
Take the number of markers and divide by the number in each package
70/15
4.6666repeating
Round to the nearest whole number to determine the number of packages
5
They will need to buy 5 packages
Answer:
32
Step-by-step explanation:
Multiply both sides by 8.
y/8 = 4
y/8 × 8 = 4 × 8
y = 32
I believe the answer is B. -3.
