Using the expected value, it is found that you should charge $4 to have a fair game.
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- A probability is the <u>number of desired outcomes divided by the number of total outcomes</u>.
- The expected value is the <u>sum of each outcome multiplied by it's respective probability</u>.
- When you roll two dice, there are possible outcomes.
- We suppose a cost of x.
- In 6 of them, the sum is 7: (1,6), (2,5), (3,4), (4,3), (5,2) and (6,1).
- Thus, probability of earning a profit of 12 - x.
- 2 of them have sums of 2 or 12, which are (1,1) and (6,6).
- Then, probability of earning a profit of 36 - x.
- If the outcome is any of the remaining 28, the player loses, thus probability of losing x.
- The game is fair if the <u>expected value is 0</u>, then:
A value of $4 should be charged.
A similar problem is given at brainly.com/question/24855677
Answer:
19$
Step-by-step explanation:
Answer:
132 miles
Step-by-step explanation:
Its faster in adding isn't always right when you are multiplying numbers
Let blueberry = b and poppyseed = p
b + p = 64
b = p + 20
p + 20 + p = 64
2p + 20 = 64
2p = 44
p = 22
b = 22 + 20
b = 42
Jack bought 42 blueberry muffins