To find the expected value of your gain in each prize, subtract the price of the ticket from the prize:
If the prize is $500: $500 - $2 = $498
If the prize is $250: $250 - $2 = 248
If the prize is $160: $160 - $2 = $73
But if you did not win any cash prize, you do not have any gain because
0 cash prize - $2 ticket = -$2 which is a loss
Answer:
They are discounted for 38% off.
Answer:
5
Step-by-step explanation:
Here, highest power of the variable is 5.
Therefore, degree of the given polynomial is 5.