To find out how much the carnival wins or looses in each play one subtract the expected value (EV) from each play from the amount charged by the carnival for each play ($0.55). If the expected value is higher than what the carnival charges, the carnival is losing money.

Expected is the sum of the payouts of each bet multiplied by its likelihood:

$EV= \frac{64*0.40+25*1.15+1*9.00}{90}\\EV= 0.70$

Since the expected value is higher than $0.55, the carnival is losing money, on average, on each play:

$0.55-0.7 = -0.15$

The carnival is losing (on average) $0.15 on each play

6 0

3 years ago

Gianna invested $30,000 in an account paying an interest rate of 1.9% compounded

Ganezh [65]

Answer:

5,095,068

Step-by-step explanation:

The equation for this problem is x^y * z where x is the percentage, Y is the number of years, and Z is the original deposit. Multiply 1.9^8 * 30,000 which becomes; 5,095,068.

Whoever has that bank account is going to be very rich.

3 0

3 years ago

Help ASAP

larisa86 [58]

Answer:

A 180-degree clockwise rotation about the origin followed by a translation 1 unit to the left.

6 0

2 years ago