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.
Slope = 1
y-intercept = -3, which can be expressed as (0,-3).
y - y_1 = m(x - x_1)
y -(-3) = 1(x - 0)
y + 3 = x
The slope-intercept form is
y = x - 3.
The standard form is Ax + By = C.
y = x - 3
3 = x - y
Done.
First set everything to 0.

Giving you A= 1 , B= 1 and C= -5
Then input everything into the quadratic formula and either solve by hand or use a calculator.
Note exact values are found by hand, decimals are found using a calculator.
Answer:
60
Step-by-step explanation:
Answer:
The awnser on edge is C)147
Step-by-step explanation:
Hope this helped