The expected value of the game is the mean value of the game
The expected value of the game is $1
<h3>How to determine the expected value?</h3>
There are 13 spades in a deck of card of 52
So, the probability of selecting a spade is:
P(Spade) = 13/52
Simplify
P(Spade) = 1/4
Winning = $7
The probability of not selecting a spade is:
P(Not spade) = 1 - 1/4
Simplify
P(Not spade) = 3/4
Lose = $1
The expected value of the game is:
This gives
Simplify
Evaluate
Hence, the expected value of the game is $1
Read more about expected values at:
brainly.com/question/15858152
Take the common denominator and divide by 3 then youll get 58
Answer:
16
Step-by-step explanation:
1 times what equals 16
what =16
2 times what equals 32
what=16
etc....
The answer is 16 because the table shows multiples of 16.
16, 32, 48,64, 80....
Answer:
3/5
Step-by-step explanation:
First: markup rate × wholesale price = amount of markup
Second: Well the markup rate is a percentage, you have to convert it into a decimal. Percent means "out of one hundred," so <span>80%</span> is equivalent to <span>80/100 </span>which is also equal to <span>80÷100</span>.
<span>Third: 80÷100=0.80</span>
0.80 × $93.00 = $74.40
Fourth: The markup rate is a percentage of the wholesale price that is added to get the retail price, you can find the retail price with the following equation: amount of markup + wholesale price = retail price
<span>$74.40</span> + <span>$93.00</span> = <span>$167.40</span>
The retail price of the chair should be <span>$167.40</span>.
