Expected value of the bet is
the sum of the products of value of outcome and its probability,
less the amount paid to place the bet.
Outcomes value probability
win 225 1/4
lose 0 3/4
cost of bet = 40
So expected value of bet
E[X]=225*(1/4)+0*(3/4)-40
=56.25-40
=16.25
This means that in the long run, gambler will win, since the expected value is positive. (does NOT mean she will win in the next bet!)
Answer:
y=+3
Step-by-step explanation:
She is correct.
She starts with 50
Each square foot adds 3 dollars...
so Square feet can be represented by x, and cost will be y... giving this linear function:
y=3x+50.
Answer:
74.32
Step-by-step explanation:
1,858 divided by 25= 74.32
Answer:
3 units right, 4 down = (x+3, y-4)
3 units left, 4 up = (x-3, y+4)
4 units right, 3 down = (x+4, y-3)
Step-by-step explanation:
