Answer:
awh happy holidays to you too!! and ty for this
I think the answer is C hope this helps
15.
To find this, here is the work in the photo attached:
Expected value of the bet is
the sum of the products of value of outcome and its probability,
less the amount paid to place the bet.
Outcomes value probability
win 225 1/4
lose 0 3/4
cost of bet = 40
So expected value of bet
E[X]=225*(1/4)+0*(3/4)-40
=56.25-40
=16.25
This means that in the long run, gambler will win, since the expected value is positive. (does NOT mean she will win in the next bet!)
Ooh so the directions tell us what we need to find the entire line, which is made up of FH. so just add GH (15) and FG (6) together to find FH. so that is 21. FH=21.
