Three urns of the same appearance are given as follows: Urn A contains 5 red and 7 white balls. Urn B contains 4 red and 3 white
1 answer:
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Answer:
-$2.32
Step-by-step explanation:
Give that
The selling price per ticket is $9
And the number of tickets sold is 500
So,
There is one grand prize, three $300 second prize, and eleven $40 third prizes
We need to find out the expected value of the profit
= 4 + 1.8 + 0.88
= 6.68
Now the expected profit is
= $6.68 - $9
= -$2.32
Point-slope form: y-y1 = m(x-x1)
Standard form: ax + by = c
Slope-intercept form: y = mx+b
Start by finding the slope. We know it is negative since the line is decreasing. The slope is -4/3.
To create point-slope form, we need to get one point from the graph. Let's use (3,0).
To create slope-intercept form, we need the slope and the y-intercept. The y-intercept is the point where our equation crosses the y-axis. For this equation, it is 4.
To get standard form, solve the equation in terms of C.
Point-slope form: y = -4/3(x-3)
Slope-intercept form: y = -4/3x + 4
Standard form: 4/3x + y = 4