Answer:
-$2.32
Step-by-step explanation:
Give that
The selling price per ticket is $9
And the number of tickets sold is 500
So,
There is one grand prize, three $300 second prize, and eleven $40 third prizes
We need to find out the expected value of the profit
= 4 + 1.8 + 0.88
= 6.68
Now the expected profit is
= $6.68 - $9
= -$2.32
Answer:
the answer is C
Step-by-step explanation:
Since there are equal numbers of pieces, the chances of Julio getting a red on the first pull is 12/24 or 1/2 (reduced)
However on the second pull there are only 11 reds (Julio pulled one out) out of 23 remaining pieces so the chances of pulling the second red are 11/23
Now multiply those possibilities:
1/2 x 11/23 and you will get 11/46 which is the probability of pulling two reds in a row. 11/46 is the answer.
Answer:
C
You have to check which of numbers is the lowest.
Cheers :D
Your answer is
(n)=0.4n-.025;$11.75
Hope you have an amazing day!
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