4/1000 x 3 42/100 = 4/1000 x 3 420/1000 = 3 1680/1000 = 4 680/1000
Answer:
$412.80
Step-by-step explanation:
480 x 0.20(20%)=96
480-96=384
384 x .075(7.5%)=28.8
384+28.80=412.80
Well there is no question that i can see so if this is a riddle then it is already properly solved due to no question at all
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.