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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.

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DochEvi [55]

This equation basically says that a number plus 3/5 equals 2 so we can simply:

2 - 3/5 = x

Therefore x equals 1 & 2/5 or 1.4

8 0
3 years ago
The school cafeteria sells 300 half-pints Of milk everyday. How many gallons of milk is that?
Natali [406]
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7 0
4 years ago
When 200 gallons of oil were removed from a tank, the volume of oil left in the tank was 3/7 of the tank's capacity. what was th
ki77a [65]

Answer:

Step-by-step explanation:

"When 200 gallons of oil were removed from a tank" algebraically looks like this:

V - 200.

"...the volume of oil left in the tank was 3/7 of the tank's capacity" algebraically looks like this:

3/7(V)

Therefore, the equation is

V - 200 = 3/7(V)

Begin by multiplying both sides by 7:

7(V - 200) = 3V and

7V - 1400 = 3V so

-1400 = -4V so

V = 350 gallons

That's if the volume of the oil in the tank was 3/7 of the tank's capacity.

For the other part of the problem, we set up the equation almost the same, except the 3/7 is a 1/2:

V - 200 = 1/2(V)

Multiplying both sides by 2 gives you

2(V - 200) = V and

2V - 400 = V so

-400 = -V so

V = 400

7 0
3 years ago
What is the distance between the points (-3,5) and (3,-8) in the standard (x,y) coordinate plane?
zlopas [31]
The vertical distance is 5 + 8 = 13
the horizantal distance is 3 +3 = 6
then just do pythag therom
6^2 + 13^2 = c^2
205 = c^2
<span>√205 = c
</span>
6 0
3 years ago
Read 2 more answers
Translate The sum of two consecutive integers is 33
Illusion [34]
The total of two whole numbers one after another is 33. for example 10 + 11 (two consecutive integers) = 21
5 0
3 years ago
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