Outcome on winning = $100 - $20 = $80
Outcome on losing = $20
Probability of winning = 1/6
Probability of losing = 5/6
Expected Value = 1/6 (80) +5/6(-20) = -3.333
This shows on average from each game, the game earns $ 3.333.
So, if 1000 such games are played, the game will earn 1000 x 3.33 = $3330
So, the answer to this question is option A
Step-by-step explanation:
The difference between five times a number and eight more than two times the number.
solution :
let the number = n
=>
5n - (8 + 2n)
Answer:
$72
Step-by-step explanation:
one lb costs $12 so just multiply it by 6
To find the mean (average), u add up all the numbers, then divide by how many numbers there are.
(200 + 150 + 325 + 100 + 75) / 5 = 850/5 = 170 <== the mean
Answer:
292.50 dollars
Step-by-step explanation:
P = 650 is the the principal.
r = 0.09 is the interest rate in decimal form.
t = 5 is the number of years.
i = 650*0.09*5
i = 292.50 is the simple interest.
