Answer:
For many(n) tickets, the average payoff is 0.5n, in which n is the number of tickets.
Step-by-step explanation:
1/1000 chance of winning.
This means that there is an 1/1000 probability of you earning $500.
1 - 1/1000 = 999/1000 chance of losing.
In this case, you earn nothing.
What is your average payoff from many tickets
Your average payoff from a ticket is 0.5. So for many(n) tickets, the average payoff is 0.5n, in which n is the number of tickets.
Option B: 63
<h2>Given that:</h2>The given function is
To evaluate the value of a function at given value of input, you should replace the variable given in the function with the value of input that is given, in your case it is x = 5.
For x = 5, we have
Similarly, you will be able to evaluate the value of the function for any other input given, which is assumed to be valid.
Hence option b: 63 is the correct option.
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