Answer:
[ where
is number of months]
Step-by-step explanation:
Pool pass cost for first month =$30
Pool pass cost after first month = $15 for each month
The total amount charged by the pool can be expressed as a function where
represents the number of months.
This can be simplified by using distribution.
Take 15 as greatest common factor.
∴
For
∴ Amount charged by pool for 12 months = $195
Answer:
The expected value of the game to the player is -$0.2105 and the expected loss if played the game 1000 times is -$210.5.
Step-by-step explanation:
Consider the provided information.
It is given that if ball lands on 29 players will get $140 otherwise casino will takes $4.
The probability of winning is 1/38. So, the probability of loss is 37/38.
Now, find the expected value of the game to the player as shown:
Hence, the expected value of the game to the player is -$0.2105.
Now find the expect to loss if played the game 1000 times.
1000×(-$0.2105)=-$210.5
Therefore, the expected loss if played the game 1000 times is -$210.5.