The expected value per game is -0.26. Over 1000 games, you can expect to lose $263.16.
To find the expected value, we multiply the probability of winning by the amount of winnings, the probability of losing by the amount of loss, and adding those together.
We have a 1/38 chance of winning; 1/38(175) = $4.61. We also have a 37/38 chance of losing; 37/38(5) = $4.87.
$4.61-$4.87 = -$0.26 (rounded)
To five decimal places, our answer is -0.26136; multiplied by 1000 games, this is $261.36 lost.
Answer:
Step-by-step explanation:
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The characteristics of these geometric figures create:
1. Parallel lines are lines in the same plane that will never intersect and also if they are in different planes, those lines will never intersect too.
2. While perpendicular lines are two lines that will meet at a 90-degree angle or right angle.
