Answer:
a) - $0.169
b) - $0.04242
Step-by-step explanation:
Data provided in the question:
Bet amount = $4
Probability of losing $4 = 
Probability of gaining $4 = 
a) The expected value
= Winning amount × winning probability - Losing amount × Losing probability
= $4 ×
- $4 × 
= $4 × 
= - $0.169 (Negative sign means loss)
b) The amount lost for each dollar =
=
= - $0.04242
OH right! I should have realised that!
S6 = 7,812 = a1 * (5^6 - 1)
----------- were a1 = first term
5 - 1
3906*a1 = 7812
a1 = 7812 / 3906 = 2
Therfore the second term = 2*5 = 10 Answer
The three would be the whole number while 01 would be the fraction. And since the 1 is 2 places from the decimal it would mean that it is going to be out of 100. Therefore the answer is 3 1/100