<span>The urn contains 2 purple balls and 4 white balls. The player pay $4 for start the game and get $1.5 for every ball drawn until one purple ball is drawn. The maximal revenue would be $7.5 when 4 white balls and 1 purple balls are drawn.
If the purple ball is p and white ball is w, t</span>he possible sample space of drawings are {p, wp, wwp, wwwp, wwwwp}
<span>1. Write down the probability distribution for the player earning
The player earning </span>for each event depends on the number of balls drawn subtracted the ticket price.<span>
p= 2/6
The player earnings would be: 1*$1.5 -$4= - $2.5
wp= (4*2)/(6*5) = 4/15
</span>The player earnings would be: 2*1.5- $4= - $1
wwp= (4*3*2)/(6*5*4)= 1/5
The player earnings would be: 3*$1.5 -$4= $0.5
wwwp= (4*3*2*2)/(6*5*4*3*2)= 2/15
The player earnings would be: 4*$1.5 -$4= $2
wwwwp= (4*3*2*2*1)/(6*5*4*3*2*1) = 1/15
The player earnings would be: 5*$1.5 -$4= $3.5
2. Find its expected value
The expected value would be:
chance of event * earning
You need to combine the 5 possible outcomes from the number 1 to get the total expected value.
Total expected value= (1/3 * - 2.5)+ (4/15*-1) + (1/5*0.5) + (2/15 *2) + ( 1/15 *3.5)=
(-12.5 -4 + 1.5 + 4 + 3.5) /15= -$7.5
This game basically a rip off.
Get the decimal version of 26% by moving the decimal (at the end) over to spots, giving you .26. Multiply 50 by this, and you get .26*50=13. : )
Answer:
1)Air transportation:Air Transportation
Transportation mode
Air transportation means the business of transporting natural persons, property, cargo and mail by aircraft. ... Air transportation means the operation of a transportation system by aircraft for the carriage of persons, property and mail, including activities reasonably necessary to such operation.
2)Road transportation:Road transport or road transportation is a type of transport using roads. Transport on roads can be roughly grouped into the transportation of goods and transportation of people. In many countries licensing requirements and safety regulations ensure a separation of the two industries
3)Rail transportation:Rail transport is a means of transferring passengers and goods on wheeled vehicles running on rails, which are located on tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles are directionally guided by the tracks on which they run.
4)Water transportation:Water transportation is the intentional movement of water over large distances. Methods of transportation fall into three categories: Aqueducts, which include pipelines, canals, tunnels and bridges. ... Towing, where a tugboat is used to pull an iceberg or a large water bag along behind it.
5 (x+4) ...................
