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:
It would be a profit of $1,310
Step-by-step explanation:
It would probably be 675 cause i did it and got that
|a| = -a for a < 0
|a| = a for a ≥ 0
examples:
|-1| = -(-1) = 1; |-4| = -(-4) = 4; |-0.1| = 0.1; |-109| = 109
|7| = 7; |19| = 19; |0| = 0
- |-7 + 4| = - |-3| = - (3) = -3
Answer: -|-7 + 4| = -3