Answer:
The expected value of profit is -0.5125. This is expected loss as value is negative.
Step-by-step explanation:
We are given the following in the question:
P(winning) = 0.075
Thus,
P(Loosing) =

If we win we gain a profit of $5.50 and if we loose the lottery, we loose $1.
Thus, we can form the probability distribution in the following manner:
Event: Winning Loosing
Profit(x): +5.50 -1
P(x): 0.075 0.925
We have to calculate the expected value of the profit.

Thus, the expected value of profit is -0.5125. This is expected loss as value is negative.
The only thing you need to do is divide 56 by -7. You know the d must be a negative number because negative x negative= positive. So 56 / -7 is -8.
Answer:
Step-by-step explanation:
x=
−3y−18
/2
Answer:
1.7 or 1 7/10
Step-by-step explanation:
Answer:
A.
Step-by-step explanation:
The first number is 2, so 2 must be plotted on the X radius (because it goes by X first). B plots X on the Y axis so therefore, by process of elimination, A is the answer.