1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetach [21]
3 years ago
14

If an unfair coin is tossed into the air and drops without interruption, its probability of landing on heads is 0.51 whereas the

probability of landing on tails is 0.49. If the payoff for landing on heads is $0.99 and the payoff for landing on tails is $1.01 and it costs $1 to play each game, should you play?
1)Yes, because over the long run your expected value is greater than the lowest payoff

2)No, because over the long run your expected value is lower than the lowest payoff

3)Yes, because over the long run your expected value is greater than the cost to play

4)No, because over the long run your expected value is less than the cost to play
Mathematics
1 answer:
Tema [17]3 years ago
6 0

Answer:

  4)  No, because over the long run your expected value is less than the cost to play

Step-by-step explanation:

The expected value is ...

  0.51×0.99 + 0.49×1.01 = 0.5049 +0.4949 = 0.9998

This expected value is less than the cost to play, so you will lose money in the long run. You should not play.

You might be interested in
May I please have the answers to this problem​
sp2606 [1]

Answer:

6x+5

Step-by-step explanation:

2x+4x =6x

10-5=5

6x+5

6 0
3 years ago
In january of one winter, 3/10 of a wood pile was used in a wood stove. In February, 2/5 of the wood pile was used. What part of
arsen [322]
2/5 is equivalent to 4/10 so at the end of February 4/10 was used up
And at the end of January, 3/10 was used
so 4/10 + 3/10 = 7/10

At the end of February, 7/10 of the wood was used
6 0
3 years ago
If Figure A is multiplied by a scale factor of .5, reflected over the x-axis, and translated 3 units left and 8 units down, whic
Marina CMI [18]

Answer:

A' has the same shape but not the same size as Figure A.

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
What would be the sum of the lengths of the first and second diagonals rounded to the nearest whole number?
drek231 [11]

Answer:

16.17684994

Step-by-step explanation:

First diagonal

x^2 = a^2 + b^2

x^2 = 5^2 + 6^2

x^2 = 61

x ≈ 7.810249676

Second diagonal

x^2 = a^2 + b^2

x^2 = 7.810249676^2 + 3^2

x^2 = 70

x ≈ 8.366600265

Sum of both diagonals

8.366600265 + 7.810249676

= 16.17684994

6 0
3 years ago
What is the height h of the parallelogram
maxonik [38]
Area = base * height
Height = area / base

Height = base sin x
Where x = angle between side and the base
6 0
3 years ago
Other questions:
  • Sammy is conducting a science experiment were he has to mix 8. 25 ounces and 430 ounces of lemon juice. How many ounces will he
    6·1 answer
  • which pair of words is an example of slant rhyme? a. slow/silent b. bodies/ladies c. moon/soon d. flower/plant
    9·1 answer
  • Which expression is equal to 53462÷14 <br><br>3818×14×10<br>3810×14×12<br>3810×14+12<br>3818×14+10
    14·2 answers
  • Classify the sequence {a_n}={4,10/3,8/3,2...} as arithmetic or geometric. Then, determine whether the sequence is convergent or
    13·2 answers
  • X+2x÷y-2y; x=4, y=-2​
    8·2 answers
  • Plzzzzz help I need it as of yesterday
    8·1 answer
  • A researcher is interested in seeing if negative political ads against an opponent (group one) are more effective than positive
    6·1 answer
  • What does it mean to multiply fractions?
    6·1 answer
  • I think of a number, multiply it by 2, add 7 and the result is 10​
    6·1 answer
  • Please answer brainliest will be marked
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!