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patriot [66]
2 years ago
13

Mario and his 3 friends attend a professional football game after parking tickets and food they spent 240 total Mario tells his

friend that he got a better deal last week paying only $50 per person how much better of a deal did Mario get last week ​
Mathematics
1 answer:
labwork [276]2 years ago
5 0

Answer:

Thank you for the points

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Step-by-step explanation:

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A quiz-show contestant is presented with two questions, question 1 and question 2, and she can choose which question to answer f
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Answer:

The contestant should try and answer question 2 first to maximize the expected reward.

Step-by-step explanation:

Let the probability of getting question 1 right = P(A) = 0.60

Probability of not getting question 1 = P(A') = 1 - P(A) = 1 - 0.60 = 0.40

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To obtain the better option using the expected value method.

E(X) = Σ xᵢpᵢ

where pᵢ = each probability.

xᵢ = cash reward for each probability.

There are two ways to go about this.

Approach 1

If the contestant attempts question 1 first.

The possible probabilities include

1) The contestant misses the question 1 and cannot answer question 2 = P(A') = 0.40; cash reward associated = $0

2) The contestant gets the question 1 and misses question 2 = P(A n B') = P(A) × P(B') = 0.6 × 0.2 = 0.12; cash reward associated with this probability = $200

3) The contestant gets the question 1 and gets the question 2 too = P(A n B) = P(A) × P(B) = 0.6 × 0.8 = 0.48; cash reward associated with this probability = $300

Expected reward for this approach

E(X) = (0.4×0) + (0.12×200) + (0.48×300) = $168

Approach 2

If the contestant attempts question 2 first.

The possible probabilities include

1) The contestant misses the question 2 and cannot answer question 1 = P(B') = 0.20; cash reward associated = $0

2) The contestant gets the question 2 and misses question 1 = P(A' n B) = P(A') × P(B) = 0.4 × 0.8 = 0.32; cash reward associated with this probability = $100

3) The contestant gets the question 2 and gets the question 1 too = P(A n B) = P(A) × P(B) = 0.6 × 0.8 = 0.48; cash reward associated with this probability = $300

Expected reward for this approach

E(X) = (0.2×0) + (0.32×100) + (0.48×300) = $176

Approach 2 is the better approach to follow as it has a higher expected reward.

The contestant should try and answer question 2 first to maximize the expected reward.

Hope this helps!!!

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