A fundraising event offered people a chance to pay $3 to go through a corn maze (shown below) in a field in the fall. The maze either led to nothing or a prize of $4 (ie their $3 back and an extra $1). The participants can only move forward and when they come to a fork in the maze they are equally likely to take any one of the paths. What is the expected monetary value for each participant that goes through the maze?

-0.33

Question 2

What is the expected value of the spinner shown?

2.125

Question 3

An insurance company charges a customer $1600 per year for a particular customers auto insurance. The company has predicted that there is a 10% change the person will make a claim on the policy of $5000 (which means the insurance company would lose $3400) and 90% change that they won't make a claim. What can the insurance company on average expect to make on selling this policy?

$1100

7 0

3 years ago

Thao says she can find the answer to 8 x 90 by halving the 8 and doubling the 90 again and again until she gets down to 1 x 720.

Alex777 [14]

Answer:

Yes

Step-by-step explanation:

4*180

2*360

1*720

8*90 = 720

8 0

3 years ago