Write an equation in slope-intercept form: (7,7) and (-3,7) are on the line
2 answers:
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Answer:
(a)
(b)
Step-by-step explanation:
Given
See attachment for spinner
Solving (a): Complete the table
The amount paid is: $1
From the attached image, we have:
$0 = 6; $1 = 1; $5 = 1
To get the profit, we subtract $1 from the possible outcomes of the spinner.
So, we have:
-$1.00 = 6; $0.00 = 1; $4.00 = 1
The probability of each is then calculated as:
So, the complete table is:
Solving (b): The expected profit E(x)
This is calculated as:
