Answer:
a.The expected value of the game to the player is -$0.2105
b. The player should expect to lose $210.50¢ if he/she places the bet or plays the game 1,000 times
Step-by-step explanation:
Please kindly check the attached files for explanation.
Answer:
Graph the line using the slope and y-intercept, or two points.
Slope:
2
3
y-intercept:
(
0
,
−
3
)
x
y
0
−
3
9
2
0
Step-by-step explanation:
The value of x is either +7 or -8
Answer:314000, 965000, 1100000,1890000
Step-by-step explanation: