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3 years ago

Please help! Correct answer only!

Mathematics

1 answer:

Tcecarenko [31]3 years ago

4 0

Answer:

<em>" Expected Payoff " ⇒ $ 1.56 ; Type in 1.56</em>

Step-by-step explanation:

Consider the steps below;

$Tickets That Can Be Entered - 1 Ticket,\\Total Tickets Entered - 1000 Tickets,\\\\Proportion - 1 / 1000,\\Money One ( First Ticket ) = 820 Dollars,\\Money One ( Second Ticket ) = 740 Dollars,\\\\Proportionality ( First ) - 1 / 1000 = x / 820,\\Proportionality ( Second ) - 1 / 1000 = x / 740\\\\1 / 1000 = x / 820,\\1000 * x = 820,\\x = 820 / 1000,\\x = 0.82,\\\\1 / 1000 = x / 740,\\1000 * x = 740,\\x = 740 / 1000,\\x = 0.74\\\\Conclusion ; " Expected Payoff " = 0.82 + 0.74 = 1.56$

<em>Solution; " Expected Payoff " ⇒ $ 1.56</em>

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-------------------------------------------------------------------------------------------------------

<h2 /><h2>Answer: 18</h2><h2>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</h2><h2 />

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