Answer:
9586.232772
$4000×1.06( to the power of 15)=9586.232772
Answer:
The player should be required to pay $5 to make this a fair game.
Step-by-step explanation:
U ~ Uniform(0, 10)
E[U] = (0 + 10)/2
= 5
X | U ~ Poisson(U)
E[X | U] = U
By law of total probability for expectations,
E[X] = E[E[X|U]] = E[U] = $5
Therefore the player should be required to pay $5 to make this a fair game.
It would be 70*35 / 100 + 30*25 / 100
2450 /100 + 750/100
24.50 + 7.50 = 32
So, your answer is $32
Answer:
A. 33
Step-by-step explanation:
Add 4 to each number
1. 5 is your first number
2. 5+4= 9 is your second number
3. 9+4= 13 is your third number
4. 13+4= 17 ...
5. 17+4= 21 ...
6. 21+4= 25 ...
7.25+4= 29 ...
8.29+ 4= 33 is your eight number
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