Answer:
$190.50
Step-by-step explanation:
Expected value is the sum of each possible income multiplied by its probability.
There's a 5% chance that the vendor makes $200 and loses $190 (net gain of $10).
There's a 95% chance that the vendor makes $200 and loses $0 (net gain of $200).
So the expected value is:
Exp(RS) = $10 × 0.05 + $200 × 0.95
Exp(RS) = $190.50
Answer:
Amrita's number is 6
Step-by-step explanation:
x Double the unknown number
2x Add 9
2x + 9 Divide the answer by 3
2/3x + 3 Subtract 1
2/3x + 2 Set this equal to the original number
2/3x + 2 = x
-2/3x -2/3x Subtract 2/3x from both sides
2 = 1/3x Multiply both sides by 3
6 = x