The expected value is -$0.33.
The probability of winning is 1/6. The probability of losing is 5/6.
If you win, your prize is 10-2 = 8, since you paid $2 to pay the game. If you lose, you lose the $2 you spent.
The expected value would be the probability of winning, 1/6, multiplied by the winnings, 8, added to the probability of losing, 5/6, multiplied by the loss, -2:
1/6*8 + 5/6(-2) = 8/6 - 10/6 = -2/6 = -0.33
there are 60 minutes in 1 hour, so 1/4 of an hour is 60(1/4), namely 15 minutes.
11:20pm + 4 hours, is 11+4:20, namely 15:20, of course the time system only uses up to 12, so that has to be 3:20, and then we add the 15 minutes.
11+4: 20 + 15.........3:35am.
The formula of the future value of annuity ordinary
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value
Pmt payment per year 4000
R interest rate 0.0215
N time 5 years
Fv=4,000×(((1+0.0215)^(5)−1)÷(0.0215))
fv=20,878.69
