Lemme tell you a secret there is this app called photomath it helps with equations AND shows the work
Answer:
36
Step-by-step explanation:
your supposed to multiply the side by the bottom to get ur answer i believe
-------------------------36.06
Well, one way is to convert one of the numbers to the other. For example, if I have 3/5 and 0.5, I could convert 3/5 to a decimal. So, I would have 0.6 (3/5 converted to a decimal), and 0.5. Next, I would just add the two together to get my answer of 1.1
The expected value is just the weighted average of how much one ticket wins. To calculate it, we need to find the probabilities of winning each dollar amount, multiply each probability with it's respective dollar amount, then find the sum.
Let's call the winnings from one ticket X:
P(X=30) = 4000/2000000 = 0.002
P(X=800) = 500/2000000 = 0.00025
P(X=1200000) = 1/2000000 = 0.0000005
E(X) = 30*P(X=30) + 800*P(X=800) + 1200000*P(X=1200000) = 0.06 + 0.2 + 0.6 = 0.86
The answer is $0.86
