2-5=x/1.2(please solve this)
1 answer:
You might be interested in
Answer:
We conclude that expected value of this game is -0.865$.
Step-by-step explanation:
We know that in a lottery game, a player picks six numbers from 1 to 27.
We know that
As there is only one advantageous combination, we conclude that the number of non-winning combinations is 296009.
He can win 40,000 dollars.
We calculate:
We conclude that expected value of this game is -0.865$.
Answer:
1%
Step-by-step explanation:
We use the simple interest equation of A=P(1+rt).
A-the total amount with interest earned
P-the initial amount or principal
r-rate
t-time in years
We substitute the values P=6900, A=6923, and t=0.33 since 4 months divided by 12 months is 0.333 years. We then solve for r.
Our final step is to divide both sides by 0.33.
This is the decimal of the rate. We convert to a percentage by multiplying by 100. 0.01(100)=1%.