Answer:
Lose $0.05
Step-by-step explanation:
There are 38 possible spots on the roulette wheel (numbers 1 to 36, 0 and 00).
If the player can choose four numbers on single $1 bet, his chances of winning (W) and losing (L) are as follows:
The expected value of the bet is given by the probability of winning multiplied by the payout ($8), minus the probability of losing multiplied by the bet cost ($1)
On each bet, the player is expected to lose 5 cents ($0.05).
Answer:
Cost of a coffee is <u>$2.5</u> and cost of a latte is <u>$4.25.</u>
Step-by-step explanation:
Let cost of 1 coffee be 'c' and cost of 1 latte be 'l' dollars.
Given:
4 coffees and 12 lattes cost $61.
12 coffees and 7 lattes cost $59.75.
∵ 1 coffee cost =
∴ 4 coffees cost = and 12 coffee cost =
∵ 1 latte cost =
∴ 12 lattes cost = and 7 lattes cost =
Now, as per question:
Now, multiplying equation (1) by -3 and adding the result to equation (2). This gives,
Now, plug in the value of 'l' in equation 1 to solve for 'c'. This gives,
Therefore, cost of a coffee is $2.5 and cost of a latte is $4.25.