Answer:
We conclude that expected value of this game is -0.865$.
Step-by-step explanation:
We know that in a lottery game, a player picks six numbers from 1 to 27.
We know that
As there is only one advantageous combination, we conclude that the number of non-winning combinations is 296009.
He can win 40,000 dollars.
We calculate:
We conclude that expected value of this game is -0.865$.
Its (-10,-4) because when you graph it you get (-10,-4) straight through the orgin
<h3>
Answer: $130</h3>
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Explanation:
I'm assuming the bank is using simple interest (instead of compound interest).
If so, then,
i = P*r*t
i = 8000*0.0325*0.5
i = 130
The amount of interest is $130
In the formula above, I used
- P = 8000 = amount deposited
- r = 0.0325 = annual interest rate in decimal form
- t = 6/12 = 0.5 years, which means you don't use t = 6. We don't use t = 6 because the interest rate is on an annual basis, and not a 6-month basis.
He wanted the mathematical challenge
Linear.
1/14
2/28
3/42
4/56
on a graph, it forms a straight line.