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Stels [109]
3 years ago
11

Find the minimum or maximum value of the function. (Desmos)

Mathematics
1 answer:
konstantin123 [22]3 years ago
8 0
The minimum is (2,4). Using the formula x= -b/2a to get your answer.
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You bet $50 on 00 in a game of roulette. If the wheel spins 00, you have a net win of $1,750, otherwise you lose the $50. A stan
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-$2.63

Step-by-step explanation:

Calculation for the expected profit for one spin of the roulette wheel with this bet

Based on the information given you bet $50 on 00 while the standard roulette has 38 possible outcomes which means that the probability or likelihood of getting 00 will be 1/38.

Therefore when we get an 00, we would get the amount of $1,750 with a probability of 1/38 and in a situation where were we get something other than 00 this means we would lose $50 with a probability of 37/38.

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Expected profit = sum(probability*value) -sum(probability*value)

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Expected profit =($1,750 * 1/38) - ($50 * 37/38)

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Expected profit = - $2.63

Therefore the expected profit for one spin of the roulette wheel with this bet will be -$2.63

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