b. Suppose you have $10, and are going to play until you go broke or have $30. What is your best strategy for playing? Explain using information you learned in this module's material, such as expected value
I’m not really sure but I would say c
Answer:
the answer will be verified by an expert. Until then, talk to a tutor.
Answer:
The greatest number of people that can attend the meeting on that budget is 116
Step-by-step explanation:
The cost for the meeting is given by the following expression:
cost = 500 + 6*person
Since the budget is $1200 the cost must be at most equal to that, therefore:
1200 = 500 + 6*person
500 + 6*person = 1200
6*person = 1200 - 500
6*person = 700
person = 700/6 = 116.667
Since there can't be a 0.667 person, the greatest number of people that can attend the meeting on that budget is 116
