Answer:
a
Step-by-step explanation:
The given function is
And it is given that 
On using this information, we will get
And the other point is 
Using this point, we will get
Dividing both equations, we will get
Taking ln to both sides
Performing back substitution ,
Answer:
800,000
Step-by-step explanation:
the number that we are rounding is 90,000 which is gonna make the seven go up to 8
To check all the events (6), we label the chips. Suppose one chip with 1 is labeled R1 and the other B1 (as if they were red and blue). Now, lets take all combinations; for the first chip, we have 4 choices and for the 2nd chip we have 3 remaining choices. Thus there are 12 combinations. Since we dont care about the order, there are only 6 combinations since for example R1, 3 is the same as 3, R1 for us.
The combinations are: (R1, B1), (R1, 3), (R1, 5), (B1, 3), (B1, 5), (3,5)
We have that in 1 out of the 6 events, Miguel wins 2$ and in five out of the 6 events, he loses one. The expected value of this bet is: 1/6*2+5/6*(-1)=-3/6=-0.5$. In general, the expected value of the bet is the sum of taking the probabilities of the outcome multiplied by the outcome; here, there is a 1/6 probability of getting the same 2 chips and so on. On average, Miguel loses half a dollar every time he plays.
