Answer:
Step-by-step explanation:
Simple math, please help, have to turn in soon
1 answer:
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Answer:
The expected winnings for a person buying 1 ticket is -0.2.
Step-by-step explanation:
Given : A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 20000 tickets are sold at 25 cents each, find the expected winnings for a person buying 1 ticket.
To find : What are the expected winnings?
Solution :
There are one first prize, 2 second prize and 20 third prizes.
Probability of getting first prize is
Probability of getting second prize is
Probability of getting third prize is
A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each.
So, The value of prizes is
If 20000 tickets are sold at 25 cents each i.e. $0.25.
Remaining tickets = 20000-1-2-20=19977
Probability of getting remaining tickets is
The expected value is
Therefore, The expected winnings for a person buying 1 ticket is -0.2.
Answer:
Step-by-step explanation:
Given
-- initial area
-- rate
--- (years)
Required
Represent as an exponential function
An exponential function has the form:
Where
and
Substitute values for a and b, we have:
Convert percentage to decimal
Hence, the exponential function that represents the scenario is:
Answer:
= 9
Step-by-step explanation:
Note there is a common ratio r between consecutive terms of the sequence, that is
r = 18 ÷ 2 = 162 ÷ 18 = 1458 ÷ 162 = 13122 ÷ 1458 = 9
A recursive formula allows a term in the sequence to be found by multiplying the previous term by the common ratio, that is
= 9
with a₁ = 2