Answer:
Step-by-step explanation:
slope=m= 5
points=(-1,2)
<u>By point-slope form:</u>
-
=m(
)
<u>Substitute the values in formula:</u>
<u>y-2=5(x+1)</u> (It is the point slope form)
Now,
<u>Slope intercept form:</u>
y-2=5x+5
y=5x+5+2
<u>y=5x+7</u>
<u />
<h3><u>If you need to ask any questions, please let me know.</u></h3>
Answer:
Loss of $1.20
Step-by-step explanation:
The possible outcomes for this lottery and their probabilities are:
- a 1 in 100 chance of winning $450
- a 2 in 100 chance of winning $120
- a 4 in 100 chance of winning $30
- a 93 in 100 chance of losing $10
Therefore, the expected value of this lottery when buying one ticket is:
Therefore, you are expected to lose $1.2 per ticket.