Answer:
1) 
2) 
Step-by-step explanation:
Given : A number cube with faces labeled from 1 to 6 will be rolled once. The number rolled will be recorded as the outcome.
To find : Give the sample space describing all possible outcomes. Then give all of the outcomes for the event of rolling an odd number. If there is more than one element in the set, separate them with commas ?
Solution :
A number cube with faces labeled from 1 to 6 will be rolled once.
The sample space describing all possible outcomes is given by

All of the outcomes for the event of rolling an odd number is given by

Lagrange multipliers:







(if

)

(if

)

(if

)
In the first octant, we assume

, so we can ignore the caveats above. Now,

so that the only critical point in the region of interest is (1, 2, 2), for which we get a maximum value of

.
We also need to check the boundary of the region, i.e. the intersection of

with the three coordinate axes. But in each case, we would end up setting at least one of the variables to 0, which would force

, so the point we found is the only extremum.
Answer:
Loss of $1.20
Step-by-step explanation:
The possible outcomes for this lottery and their probabilities are:
- a 1 in 100 chance of winning $450
- a 2 in 100 chance of winning $120
- a 4 in 100 chance of winning $30
- a 93 in 100 chance of losing $10
Therefore, the expected value of this lottery when buying one ticket is:

Therefore, you are expected to lose $1.2 per ticket.