Answer:
one
Step-by-step explanation:
I think, there were 4 lines and the two lines are reaching each other
The "expected value of a ticket" is the probability of being drawn multiplied by the earnings associated to being drawn.
($1 is the price of the ticket which of course can be different).
So in this case probability is 1/2000 and the earnings would be valued $1000 (value of the plasma TV).
The expected value is 1/2000*1000=1000/2000=$0,5
This means you should not buy a $1 ticket to play except if this really brings you LOTS of amusement ;)
Answer and Step-by-step explanation:
A) A(t) = 5000(1 + 0.012)t
B) A(t) = 106260
A) 5000 is the initial amount, 1 + 0.012 is the interest rate, and t represents the years.
B) When we plug 21 into the equation, we get 106260.
I hope this helps!
