Outcome on winning = $100 - $20 = $80
Outcome on losing = $20
Probability of winning = 1/6
Probability of losing = 5/6
Expected Value = 1/6 (80) +5/6(-20) = -3.333
This shows on average from each game, the game earns $ 3.333.
So, if 1000 such games are played, the game will earn 1000 x 3.33 = $3330
So, the answer to this question is option A
Answer:
4
Step-by-step explanation:
The equation would be y = -(3/4)x+1
The best answer would be
2.4 x 10 ^6
10 to the sixth power multiplied by 2.4
Answer:
<u>about $2.31 per pound</u>
Step-by-step explanation:
35.99/15.6 = 2.30705128205
2.31
Have a good day! :)
