Answer:
The expected value of profit is -0.5125. This is expected loss as value is negative.
Step-by-step explanation:
We are given the following in the question:
P(winning) = 0.075
Thus,
P(Loosing) =
If we win we gain a profit of $5.50 and if we loose the lottery, we loose $1.
Thus, we can form the probability distribution in the following manner:
Event: Winning Loosing
Profit(x): +5.50 -1
P(x): 0.075 0.925
We have to calculate the expected value of the profit.
Thus, the expected value of profit is -0.5125. This is expected loss as value is negative.
Oh yeah the answer is 3 2/4 or 3 1/2 if you want to simplify.
381 1/10- 214 43/100= 166 67/100
Answer:
√50= 5√2
Step-by-step explanation:
50=25*2
√50=√25*2
√50=√5*5*2
√50= 5√2