The answer would be $175
Multiply the most by the number of tickets
<span>x−<span>2/7</span></span>=<span>5/<span>7
so this means x = 1</span></span>
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
Answer:
x-intercept: (-7.5 , 0) y-intercept: (0 , 5.5)
Step-by-step explanation:
Whatever% of anything is just (whatever/100) * anything.
thus 29.5% of something, is just (29.5/100) * something, and the decimal form of 29.5% is just 29.5/100 or the quotient of 29.5÷100.
