Solution :
Colored marble Prize
Red ---- 10 20
Blue --- 38 10
Green --- 26 5
P(red) = 10/74 = 5/37
P(blue) = 38/74 = 19/37
P( green) = 26/74 = 13/37
Therefore,
X → Red Blue Green
P(X) 5/37 19/37 13/37
The expected values are :
= -4.189
Thus it is not profitable to play the game.
The formula for calculating the simple interest is given by
Here, P = Principle amount
r = annual interest rate in decimal
t = time in years.
Now, if we invest for months or week then in order to find the simple interest, we must convert the units in years.
Therefore, d is the correct option.
d) Interest rates are annual, so you must convert the units into years.