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1 answer:
Greetings!
Substitute:
Now we can input this into the other equation so, we only have one variable.
Solve for y.
Distribute the parenthesis.
Combine Like Terms.
Add -50 to both sides.
Simplify.
Divide both sides by 0.01.
Simplify.
Input this value into the other equation.
Add -700 to both sides.
Simplify.
The answer would be 300,700
Hope this helps.
-Benjamin
Substitute:
Now we can input this into the other equation so, we only have one variable.
Solve for y.
Distribute the parenthesis.
Combine Like Terms.
Add -50 to both sides.
Simplify.
Divide both sides by 0.01.
Simplify.
Input this value into the other equation.
Add -700 to both sides.
Simplify.
The answer would be 300,700
Hope this helps.
-Benjamin
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Answer:
In the long run, ou expect to lose $4 per game
Step-by-step explanation:
Suppose we play the following game based on tosses of a fair coin. You pay me $10, and I agree to pay you $n^2 if heads comes up first on the nth toss.
Assuming X be the toss on which the first head appears.
then the geometric distribution of X is:
X geom(p = 1/2)
the probability function P can be computed as:
where
n = 1,2,3 ...
If I agree to pay you $n^2 if heads comes up first on the nth toss.
this implies that , you need to be paid
∵ X
geom(p = 1/2)
Given that during the game play, You pay me $10 , the calculated expected loss = $10 - $6
= $4
∴
In the long run, you expect to lose $4 per game