Answer:
The expected value of profit is -0.5125. This is expected loss as value is negative.
Step-by-step explanation:
We are given the following in the question:
P(winning) = 0.075
Thus,
P(Loosing) =
If we win we gain a profit of $5.50 and if we loose the lottery, we loose $1.
Thus, we can form the probability distribution in the following manner:
Event: Winning Loosing
Profit(x): +5.50 -1
P(x): 0.075 0.925
We have to calculate the expected value of the profit.
Thus, the expected value of profit is -0.5125. This is expected loss as value is negative.
The probability of a success on each roll of the coin that is filipped by Dion is 0.5.
<h3>What is the probability?</h3>
Probability is the likelihood that a stated event would occur. The odds the event occurs is 1 and the odds that the event does not happen is 0. If a coin is flipped, there is 50% chance of getting either a head or a tail.
To learn more about probability, please check: brainly.com/question/13234031
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Answer:
Step 1
Step-by-step explanation:
You should isolate the variable, not try to get rid of it. Also, you have to divide both sides by the same number or variable(can't divide one side by a and the other side by 7- it has to be the same).
Step-by-step explanation:
misschien kunnen we dan antwoorden op je vraag
1. That it is in a straight line.
2. And it goes through the origin.
