Answer:
57
Step-by-step explanation:
The player has a 1/4 chance of drawing any of the 4 prizes. This means that the probability of drawing a prize of $4 is 1/2 because there are 2 prizes worth of $4. The probability of drawing a prize of $20 is 1/4 and the probability of drawing a prize of $200 is also 1/4. To find the fair price of the game, we have to calculate the expected value that the player will gain. This can be obtained by multiplying any possible value of a price for the probability of drawing a prize of that value and adding all the obtained values togueter. Thus, the fair price of the game is

Multiply 145.80 by 2/3, get $97.20 in two days.
.=1, any figure after . is o
so, 31/100
Answer:
Step-by-step explanation:
The probability of loss is 0.2 because they must add up to 1.