Calculate the value of this
1 answer:
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Answer:
$0.558
Step-by-step explanation:
The expected value is the sum of the value of each outcome times the chance that it happens. In this case, there are two outcomes:
- Win $31 million
- Win $0
Then our expected value can be calculated as:
Step-by-step explanation:
We have that point A is at 3.
This is 3 units to the right of 0 on the number line.
The point that is opposite of A should be 3 units to the left of 0.
That point will be at -3.
Therefore you have to choose the point that is on -3.
It should be similar to one in the attachment.
