Answer:
The expected payout of the game is $230.46.
Step-by-step explanation:
The given table is
Payout Amount : $160 $4400 $145000
Probability : 0.146 0.024 0.0007
We need to find the expected payout of the game.
The formula for expected payout is
where, n is amount and P(x) is probability of that event. The value of n is negative for loss.
Using the above formula we get
Therefore the expected payout of the game is $230.46.
Answer:
The conclusion is invalid.
The required diagram is shown below:
Step-by-step explanation:
Consider the provided statement.
Great tennis players use Hexrackets. Therefore, if you use a Hexracket, you are a great tennis player.
From the above statement we can concluded that Great tennis players use Hexrackets. But it may be possible that some people who use a haxracket are not great tennis player.
Therefore, the conclusion is invalid.
The required diagram is shown below:
