To get the inverse of any function f(x) [ just make sure that it passes the horizontal line test] follow the steps:
- Solve for x, i.e separate x in one side and the other terms in the other side, included f(x).
- Swap x and f(x).
- The result is the inverse of the original
function .
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Apply that on your function
Answer:
57
Step-by-step explanation:
The player has a 1/4 chance of drawing any of the 4 prizes. This means that the probability of drawing a prize of $4 is 1/2 because there are 2 prizes worth of $4. The probability of drawing a prize of $20 is 1/4 and the probability of drawing a prize of $200 is also 1/4. To find the fair price of the game, we have to calculate the expected value that the player will gain. This can be obtained by multiplying any possible value of a price for the probability of drawing a prize of that value and adding all the obtained values togueter. Thus, the fair price of the game is