The probability will be :
C(12,2) / C(40,2) = 11/130, which is around 8.46%
Answer:
-$13.5
Step-by-step explanation:
Let x be a random variable of a count of player gain.
- We are told that if the die shows 3, the player wins $45.
- there is a charge of $9 to play the game
If he wins, he gains; 45 - 9 = $36
If he looses, he has a net gain which is a loss = -$9
Thus, the x-values are; (36, -9)
Probability of getting a 3 which is a win is P(X) = 1/6 since there are 6 numbers on the dice and probability of getting any other number is P(X) = 5/6
Thus;
E(X) = Σ(x•P(X)) = (1/6)(36) + (5/6)(-9)
E(X) = (1/6)(36 - (5 × 9))
E(X) = (1/6)(36 - 45)
E(X) = -9/6 = -3/2
E(X) = -3/2
This represents -3/2 of $9 = -(3/2) × 9 = - 27/2 = -$13.5
Well I’m not sure if I know how explain this mathematically but what I think happens is Josè is putting 150 dollars in and earning 3% interest quarterly instead of by the year, meaning his money is increasing more often then Janell, who only gets interest every year. I’m sorry if this isn’t what you were looking for
