The expected value of the game is $2.00.
To Find: The fair price to pay to play the game of rolling a colored die with three red sides, two green sides, and one blue side
Now the question arises how to find the Fair Price
We are told that in the game of rolling the colored die;
A roll of a red loses.
A roll of blue pays 5.00 and A roll of green pays 2.00.
Now, the best game to get the fairest price is to play; RRRGGB i.e (RED, RED, RED, GREEN, GREEN,BLUE)
Fair price = 2(3/6) + 6(1/6) + 0(2/6)
Fair price = $2
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Answer:
192
Step-by-step explanation:
look at the given picture
Answer:
y=5x-12
Step-by-step explanation:
The general equation of a line is <em>y=mx+b</em>.
The equation you currently have is <em>y=5x+b</em>.
Plug in the point (3,3) which will get you <em>3=5(3)+b</em>.
Solve the equation by solving what the y-intercept (b) is to create the new final equation.
3=5(3)+b
3=15+b
b=3-15
b=-12
y=5x-12
Answer:
16%
Step-by-step explanation:
The mean is 25, and the standard deviation is 1.
26 is 1 standard deviation above the mean.
According to the empirical rule, 68% of the population is between -1 and +1 standard deviations. That means that 32% is less than -1 or greater than +1 standard deviations. So half of that, or 16%, is greater than +1 standard deviations.
