Step-by-step explanation:
x-25= 6x-5
-5x = 20
x=-4
2.5% Would be your answer.
Does this help any?
~ Korey :)
The expected profit for the gambler is $4,621
<h3>How to get the expected profit?</h3>
The possible outcomes are:
- Winning $6,500, with a probability of 0.81
- Winning $200, with a probability of 0.08
- Lossing $6,000, with a probability of 0.11
Then the expected profit is:
P = ($6,500*0.81 + $200*0.08 - $6,000*0.11) = $4,621
The expected profit for the gambler is $4,621
If you want to learn more about expected values:
brainly.com/question/15858152
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