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.
To solve this equation , we need to write it in quadratic form
To get the equation in quadratic form we replace x^2 with u
can be written as
, Replace u for x^2
So equation becomes
Now we factor the left hand side
-16 and -1 are the two factors whose product is +16 and sum is -17
(u-16) (u-1) = 0
u -16 = 0 so u=16
u-1 =0 so u=1
WE assume u = x^2, Now we replace u with x^2
Now take square root on both sides , x= +4 and x=-4
Now take square root on both sides , x= +1 and x=-1
So zeros of the function are -4, -1, 1, 4