Only one answer really makes sense...and that is : maxed out credit cards
It should be noted that the expected return on each ticket is $3 and the expected profit is also $3.
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Calculating the expected value</h3>
From the information given, it was stated that they are selling tickets for $6 each and will sell 900 tickets and that there is one $1,000 grand prize, three $500 second prizes, and twelve $10 third prizes.
Therefore, the expected value will be calculated thus:
E = (1/900 × 1000) + (3/900 × 500) + (12/900 × 10)
E = 2.91 = $3
The expected return on each ticket is $3.
Since the cost of the ticket is $6, the expected profit per ticket will be:
= $6 - $3 = $3
Learn more about the expected value on:
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The current balance amount is $154.20
Step-by-step explanation:
Given,
Where;
p represents the original amount in the account.
Given original amount in the account = $2570
Putting p=2570
The current balance amount is $154.20
Keywords: substitution, division
Learn more about division at:
#LearnwithBrainly
Step-by-step explanation:
Divide 7560 by 9 you get 840. Then you times 840 by 4 you get 3360, Multiply 840 by 5 you get 4200.
2.4 is the fraction 24/10. Simplified, this is 12/5. Since the bottom is a prime number, and the top is not divisible by it, this is as far as we can simplify the fraction. Therefore the solution is 12/5.