Answer:
Expected value is 4,000
Step-by-step explanation:
To find expected value ⇒ multiply the value by it's probability
40% × ( -25,000 ) = - 10,000
Breaking means neither add nor subtract a given amount
20% × 0 = 0
35% × 40,000 = 14,000
∴ Expected value = -10,000 + 14,000 = 4,000
LOSS: -10,000
BREAK EVEN: 0
WIN: 14,000
Expected value is 4,000
<em>hope this helps....</em>
Answer:
use a translation
Step-by-step explanation:
sorry
“To use proportions to solve ratio word problems, we need to follow these steps:
Identify the known ratio and the unknown ratio.
Set up the proportion.
Cross-multiply and solve.
Check the answer by plugging the result into the unknown ratio.”
I hope this helps.