Answer:
Step-by-step explanation:
Your answer
5.55 per square foot
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I think Its 6.............
Answer:
-$2.63
Step-by-step explanation:
Calculation for the expected profit for one spin of the roulette wheel with this bet
Based on the information given you bet $50 on 00 while the standard roulette has 38 possible outcomes which means that the probability or likelihood of getting 00 will be 1/38.
Therefore when we get an 00, we would get the amount of $1,750 with a probability of 1/38 and in a situation where were we get something other than 00 this means we would lose $50 with a probability of 37/38.
Now let find the Expected profit using this formula
Expected profit = sum(probability*value) -sum(probability*value)
Let plug in the formula
Expected profit =($1,750 * 1/38) - ($50 * 37/38)
Expected profit=($1,750*0.026315)-($50×0.973684)
Expected profit= 46.05 - 48.68
Expected profit = - $2.63
Therefore the expected profit for one spin of the roulette wheel with this bet will be -$2.63
Given:
μ = $3.26 million, averaged salary
σ = $1.2 million, standard deviation
n = 100, sample size.
Let x = random test value
We want to determine P(x>4).
Calculate z-score.
z = (x - μ)/ (σ/√n) = (4 - 3.26)/(1.2/10) = 6.1667
From standard tables,
P(z<6.1667) = 1
The area under the distribution curve = 1.
Therefore
P(z>6.1667) = 1 - P(z<=6.1667) = 1 - 1 = 0
Answer: The probability is 0.
