Answer this for prodigy ASAP
1 answer:
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Answer:
The expected value of the winnings for a single-ticket purchase is -$1.0016.
Step-by-step explanation:
The total number of tickets sold is, <em>N</em> = 1250.
Cost of one ticket is, $4.
Let <em>X</em> = amount of prize.
The prize distribution is as follows:
1 Grand price = $3000
1 Second prize = $450
10 Third prize = $25
The expected value <em>X</em> can be computed using the formula:
Compute the probability distribution of <em>X</em> as follows:
Prize Amount (X) P (X) x · P (X)
1 Grand prize $3000
1 Second prize $450
10 Third prize $25
No prize -$4
TOTAL 1.0000 -1.0016
Thus, the expected value of the winnings for a single-ticket purchase is -$1.0016.
Answer:
Step-by-step explanation:
Okay, to do this we must understand what parallel means.
parallel means that that one line will NEVER touch the other. In order for this to happen they must be increasing (or decreasing) by the SAME rate. I.e the slope of your line must be the same as the lin in question thus our equation looks like,
.
Now lets find .
To do this, plug the point (3,6) into the equation
6=4(3)+C
6=12+C
-6=C
Thus now that we know C, our equaiton is