Answer:
<em>Expected Payoff ⇒ $ 1.50 ; Type in 1.50</em>
Step-by-step explanation:
Considering that 1 out of the 100 tickets will have a probability of winning a 150 dollar prize, take a proportionality into account;
<em>Thus, Solution ; Expected Payoff ⇒ $ 1.50</em>
It looks like you're saying
and you're asked to find given
,
, and
.
Evaluate at the three given points:
and the mapping is .
It is expected that a number greater than 4 will be rolled 300 times
The sample space of a die is:
S = {1,2,3,4,5,6}
The probability of obtaining a number greater than 4 is:
In 900 rolls, the expected number of number greater than 4 is:
This gives
Hence, it is expected that a number greater than 4 will be rolled 300 times
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