Let be the random variable representing the winnings you get for playing the game. Then
First thing to do is determine the probability of each of the above events. You roll two dice, which offers 6 * 6 = 36 possible outcomes. You find the probability of the above events by dividing the number of ways those events can occur by 36.
- The sum is odd if one die is even and the other is odd. This can happen 2 * 3 * 3 = 18 ways. (3 ways to roll even with the first die, 3 ways to roll odd for the die, then multiply by 2 to count odd/even rolls)
- The sum is 4 if you roll (1, 3), (2, 2), or (3, 1), and the sum is 8 if you roll (2, 6), (3, 5), (4, 4), (5, 3), or (6, 2). 8 ways.
- The sum is 2 if you roll (1, 1), and the sum is 12 if you roll (6, 6). 2 ways.
- There are 36 total possible rolls, from which you subtract the 18 that yield a sum that is odd and the other 10 listed above, leaving 8 ways to win nothing.
So the probability mass function for this game is
The expected value of playing the game is then
or about $7.89.
The expected value is positive, so a player can expect to earn money in the long run, and so should play the game.
The dollar amount of the flotation costs by percent of gross proceeds is $5,000
We need to know about the percent theory first, percent is per 100. So when A is 1% of B it means that
A = 1/100 x B
From the question, we know that
The gross proceeds is given by = $250,000 and
the flotation cost is given by = 2% of gross proceeds.
We can write the flotation cost as
Flotation cost = 2/100 x $250,000
Flotation cost = 2/100 x $250,000
Flotation cost = $5,000
Hence, the dollar amount of the flotation costs is $5,000
Find out more on percent at : brainly.com/question/24304697
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Answer: n>500
Step-by-step explanation:
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Answer:
5 + 12 ≤ x ⇔ 12 ≤ x − 5 ⇔ x − 5 ≥ 12.
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Answer:
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Step-by-step explanation: