Answer:
Yes, the average person would live for more than 1,000,000 minuets.
Step-by-step explanation:
78 x 365 = 7847
7847 x 24 = 683280
683280 x 60 = 40996800
40996800 minuets in the average lifetime
Answer:
x>-2.5
Step-by-step explanation:
Answer:
1. 14
2. 2.75
3. 7.25
4. 6.5
Step-by-step explanation:
1. You just make a dot plot and count the amount of dots there are.
2. You go to your dot plot and see the smallest amount and you get your answer.
3. Same thing as the smallest amount, except you just have to find the greatest amount.
4. You just find which number appears the most on the dot plot, and bam you got your answer.
Answer:
infinity
Step-by-step explanation:
a) the expected value of this gamble in dollars is Infinity
i.e
expected value = 
= 
b)
When offered, most people say they would pay only less than $10 to play this game.
What are two reasons why people are willing to pay so much less than the expected value?
These people are ready to pay less than $10 to play this game due to the fact that people usually overlook the unlikely event when making decisions. In a bid to that logic, they gamble in order to double their amount of money and the probability that heads may never come is ignored by these people and they may hope for a likely event i.e a head every time they play the game.
Also, the expected value is so humongous that if and only if that the first head appears after a long series of tails which is very less certain to occur, because mostly people would think that on an average the length of a series of tails ( or heads) is somewhat near 10 or so, but definitely infinity.