Answer:
You write the question wrong but it's okay
Step-by-step explanation:
it will be 30
i hope my answer help you
Answer:
The expected value of profit is -0.5125. This is expected loss as value is negative.
Step-by-step explanation:
We are given the following in the question:
P(winning) = 0.075
Thus,
P(Loosing) =

If we win we gain a profit of $5.50 and if we loose the lottery, we loose $1.
Thus, we can form the probability distribution in the following manner:
Event: Winning Loosing
Profit(x): +5.50 -1
P(x): 0.075 0.925
We have to calculate the expected value of the profit.

Thus, the expected value of profit is -0.5125. This is expected loss as value is negative.
875/5=125
It snowed 125 inches the previous year. I hope I helped! :)
Answer:
6.3/2.5=2.52
Step-by-step explanation: