Answer:
The carnival is losing (on average) $0.15 on each play
Step-by-step explanation:
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:

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

The carnival is losing (on average) $0.15 on each play
5.5% quarterly would give you slightly more.
Answer:
The number of miles/the number of hours
Step-by-step explanation:
If the number of hours is not equal to 1, multiply the numerator and denominator by the inverse of the number of hours.
For example, 10 (miles)/2 (hours)
The inverse of 2 is 1/2, so --> the new equation is 10/2 * 1/2 / 1/2 or
10* 1/2 and 2 * 1/2
When multiplied out, this leads to 5/1 or 5 miles per hour
Multiplication, addition, subtraction
Answer:
$0.16
Step-by-step explanation:
1.99/12
.165
$0.16