To calculate expected value,
We can add up the probability of all possible events.
The 2 possible events are either winning $50 or losing the prize, which is $ - 50
Expected value =
50 x 40 % + (-50) x 60%
= $-10
So the answer is $-10
Work problems are solved by first figuring out how much of the job they can do in each hour. Shawn can do 1/4 of the job in an hour and Ellie can do 1/6 of the job in an hour. 1/6+1/4=2/12+3/12=5/12. This means that they can do 5/12 of the job an hour. This means that together they can do the job in 2 2/5 hours. The foreman is obviously wrong because first of all Shawn can do it alone in 4 hours, so with Ellie he will do it faster, and second of all 2 2/5<5. Hope this helped!
The graph is the intersection of the interior of a circle with a half-plane.
C = -840
Isolate C by subtracting 900 on both sides:
C = 60-900
Which then gives u C = -840
The lowest rate of interest at which money is being borrowed