Answer:
Step-by-step explanation:
I know that the two means are are 11.28 and 12.
I could be wrong but I did the math 5 times.
a. If we subtract 75 from 550 twice, we get 400, which is the third member to join. Subtract 75 from 400, we get $325, the fourth member to join.
b. It is not possible that a member would join for free if it was a large family. 75 does not fit into 550 evenly. You can prove this by solving the expression 550÷75.
c. The lowest amount that a member would pay to join is $25.00. It would be the 7th member.
Answer:
0.75
Step-by-step explanation:
9514 1404 393
Answer:
(b) $1.15
Step-by-step explanation:
The expected value is the sum of products of payoff and probability:
$0×0.15 +0.50×0.5 +1.0×0.2 +2.0×0.1 +10×0.05
= $0 +0.25 +0.20 +0.20 +0.50
= $1.15 . . . . expected value of the scratch ticket