Answer:
Expected value would be $ 0.896
Step-by-step explanation:
Given,
The price of the lottery ticket = $44800000,
Also, the probability of winning the grand prize = .000000020,
Thus, the expected value of the lottery ticket = value of the lottery ticket × probability of getting the lottery ticket
= 44800000 × .000000020
= $0.896
Note : value of lottery ticket = prize amount - cost of each ticket,
Here the cost price of a ticket is not given,
That's why we did not consider it.
What id the mean of the set? 10, 15, 14, 8, 18, 11, 12, 12, 10, 10, 17, 16
Elan Coil [88]
The Mean is of the data is 12.75
Answer and Step-by-step explanation:
You got everything correct so far except for #4.
4. Yes, it is 1. But it would be in months.
So you would put:
1 month = x
12 months = 1 year.
Since the population increases by 1.5 times a <em>month.</em>
For question number 3.
The equation should be:
<- Function
<- Function when x is 12 months (1 year)
(Put those both the same way I put it.)
It gives you the equation to work with, you just have to plug in the values.
1.5 is in the parenthesis because it needs to be the one that is raised by an exponent.
100 is the initial population, so it stays on the outside.
x is the exponent