Option #3 – charges 3.2% simple interest per year; there is no time limit on this loan (as a group determine how long you think it will take you to make enough money to be able to pay back the loan with interest)

Option #4 - charges 10% simple interest per year; only lasts 10 months

Option what is this

3 0

3 years ago

Read 2 more answers

Mark's ratio is 3 tablespoons sugar to 2 tablespoons milk. Sharri is using 4 tablespoons of sugar to 3 tablespoons of milk. Eve

mezya [45]

Let's calculate for the tablespoons of sugar to tablespoons of milk ratio for Mark, Sharri and Eve.

Mark: 3/2 = 1.5
Sharri: 4/3 = 1.3
Eve: 9/6 = 1.5

From the solution, Eve has an equivalent ratio to that of Mark's.

4 0

3 years ago

A roulette wheel has the numbers 1 through 36, 0, and 00. A bet on three numbers pays 11 to 1 (that is, if you bet $1 and one of

OLga [1]

Answer:

You are expected to lose $0.05 (or win -$0.05)

Step-by-step explanation:

Since the roulette wheel has the numbers 1 through 36, 0, and 00, there are 38 possible outcomes.

In this bet, you are allowed to pick 3 out of the 38 numbers. Thus, your chances of winning (P(W)) and losing (P(L)) are:

$P(W)=\frac{3}{38}\\P(L) = 1 - P(W)\\P(L) = \frac{35}{38}\\$

The expected value of the bet is given by the sum of the product of each outcome pay by its probability. Winning the bet means winning $11 while losing the bet means losing $1. The expected value is:

$EV = (11*\frac{3}{38}) -(1*\frac{35}{38})\\EV = -\$0.0525$

Therefore, with a $1 bet, you are expected to lose roughly $0.05

5 0

3 years ago