The expected value per game is -0.26. Over 1000 games, you can expect to lose $263.16.
To find the expected value, we multiply the probability of winning by the amount of winnings, the probability of losing by the amount of loss, and adding those together.
We have a 1/38 chance of winning; 1/38(175) = $4.61. We also have a 37/38 chance of losing; 37/38(5) = $4.87.
$4.61-$4.87 = -$0.26 (rounded)
To five decimal places, our answer is -0.26136; multiplied by 1000 games, this is $261.36 lost.
Answer:
Odd, odd, odd, even
Step-by-step explanation:
But I'm not sure from all answers. I hope my answer help you.
Answer:
$1.99 is more expensive.
Step-by-step explanation:
Given:
One type of lace edging cost $0.80 per foot
Another type of lace edging cost $1`.99 per foot.
We need to find which is more expensive.
In $0.88 where one's place is 0.
In $1.99 where one's place is 1.
By comparing the one's place obviously $1.99 more expensive.
Hope you will understand the concept.
Thank you.
To be able to answer this we need to see the box plots and the rest of the question. Sorry -♡
