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ANEK [815]
2 years ago
9

A savings account starts with $2,200. The total amount after 18 months was $2563. What is the annual interest

Mathematics
1 answer:
mote1985 [20]2 years ago
4 0

Answer:

11%

Step-by-step explanation:

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You bet $50 on 00 in a game of roulette. If the wheel spins 00, you have a net win of $1,750, otherwise you lose the $50. A stan
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Answer:

-$2.63

Step-by-step explanation:

Calculation for the expected profit for one spin of the roulette wheel with this bet

Based on the information given you bet $50 on 00 while the standard roulette has 38 possible outcomes which means that the probability or likelihood of getting 00 will be 1/38.

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Now let find the Expected profit using this formula

Expected profit = sum(probability*value) -sum(probability*value)

Let plug in the formula

Expected profit =($1,750 * 1/38) - ($50 * 37/38)

Expected profit=($1,750*0.026315)-($50×0.973684)

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Expected profit = - $2.63

Therefore the expected profit for one spin of the roulette wheel with this bet will be -$2.63

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</span>
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