What is the sum of the given polynomials in standard form? (x2 – 3x) + (–2x2 + 5x – 3)
2 answers:
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Answer:
The gambler's expected value if he makes the bet is $45.
Step-by-step explanation:
Expected value:
15% probability of a profit of $2000.
100 - 15 = 85% probability of having to pay $300, that is, a loss of $300.
The expected value is each outcome multiplied by it's probability, so:
The gambler's expected value if he makes the bet is $45.