Multiplied: <span>3/5a
Simplified: Also ^ 3/5a</span>
Answer:
Loss of $1.20
Step-by-step explanation:
The possible outcomes for this lottery and their probabilities are:
- a 1 in 100 chance of winning $450
- a 2 in 100 chance of winning $120
- a 4 in 100 chance of winning $30
- a 93 in 100 chance of losing $10
Therefore, the expected value of this lottery when buying one ticket is:

Therefore, you are expected to lose $1.2 per ticket.
Answer:
Total = 14,000 * 1 + (.06 / 365) ^365*5
Total = 14,000 * 1.0.000164383561643836^1,825
Total = 14,000 * 1.3498255274
Total = 18,897.56
Step-by-step explanation: