I need help. i don’t understand this question .
1 answer:
You might be interested in
Answer:
The expected value of the proposition is -$0.76.
Step-by-step explanation:
It is provided that a basketball player has made 291 out of 389 free throws.
Then rate of him making a free throw is,
The probability that he makes the next 2 free throws is:
The payout rules are:
- If the player makes the next 2 free throws, I will pay you $38.
- Otherwise you pay me $50.
Compute the expected value of the proposition as follows:
Expected value = $38 × P (Makes both) + (-$50) × P (Misses both)
Thus, the expected value of the proposition is -$0.76.
Answer:
$45 after the discount
Step-by-step explanation:
Set up a proportion.
$50 is the total amount and make the 10% a decimal
x(100) = 50(10)
100 = 500
100 ÷ 500
x = 5 <-- We have to subtract this amount from the total
$50 - $5 = $45 <-- total after the discount
<u>Hope this helps!!</u>