Answer:
Expected value of the game: -$0.421
Expected loss in 1000 games: $421
Step-by-step explanation:
There are two possible outcomes for the event:
- There is a 1 in 38 chance of winning $280
- There is a 37 in 38 chance of losing $8
The expected value for a single game is:
The expected value of the game is -$0.421
In 1,000 plays, the expected loss is:
You would expect to lose $421.
Cross multiply
18 / X = 2.4 / 28
so
18 * 28 = X (2.4)
and that becomes
504 = X * 2.4
then divide by 2.4
X = 210
$20,000
25,000,000 x 0.0002 = 5,000
5,000 x $4.00= $20,000
Answer:
Step-by-step explanation:
we have
Find the inverse function 
step 1
Let
y=f(x)
step 2
Exchanges variables, x for y and y for x
step 3
isolate the variable y
step 4
Let
Answer:
The answer is 15.62
Step-by-step explanation:
To get the answer, you would first multiply 15*0.79 to get 11.85
Then you would multiply 13*0.29 to get 3.77
Lastly, add 11.85 and 3.77 to get your final answer of $15.62
