Answer:
-$2.32
Step-by-step explanation:
Give that
The selling price per ticket is $9
And the number of tickets sold is 500
So,
There is one grand prize, three $300 second prize, and eleven $40 third prizes
We need to find out the expected value of the profit

= 4 + 1.8 + 0.88
= 6.68
Now the expected profit is
= $6.68 - $9
= -$2.32
I got 3/8, hope this helps.
Answer:
Step-by-step explanation:
this seems like substitution
If so its the first part is 12x6
second part is 35 x 6
third part is 56 x 6
Remove parentheses.
-3/8 -1/6
Find the Least Common Denominator (LCD) of 3/8, 1/6. In other words, find the Least Common Multiple (LCM) of 8,6.
LCD=24
Make the denominators the same as the LCD.
- 3x3/8x3 - 1x4/6x4
Simplify. Denominators are now the same
-9/24 - 4/24
Join the denominators
-9-4/24
Simplify
-13/24