What's the lcm for 18, 27, 12? I got 648. Am not sure if it is correct. Can you please explain if it is correct or not?
1 answer:
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We have to find the expected value for the PlayBall lottery.
The price of the ticket = $1
Prize amount = $250
If a player wins, he will be winning $249 as the price is not paid back along with the prize amount. He is spending $1, getting back $250, so the net amount he is getting back is $249.
Now we have to find the probability of winning and losing.
Number of letters from A to T = 20
Number of digits from 0 to 9 = 10
Probability of picking up the same letter that was picked on that day = 1/20
Probability of picking up the same number that was picked on that day = 1/10
Thus, the Probability of picking up the same letter and same number that was picked on that day =
Thus, the probability of winning = 1/200
The probability of losing =
The expected value E for the PlayBall lottery will be:
Thus, the option C gives the correct answer
The price of the ticket = $1
Prize amount = $250
If a player wins, he will be winning $249 as the price is not paid back along with the prize amount. He is spending $1, getting back $250, so the net amount he is getting back is $249.
Now we have to find the probability of winning and losing.
Number of letters from A to T = 20
Number of digits from 0 to 9 = 10
Probability of picking up the same letter that was picked on that day = 1/20
Probability of picking up the same number that was picked on that day = 1/10
Thus, the Probability of picking up the same letter and same number that was picked on that day =
Thus, the probability of winning = 1/200
The probability of losing =
The expected value E for the PlayBall lottery will be:
Thus, the option C gives the correct answer
For a better understanding of the explanation provided here, please find the diagrams in the two files that have been attached.
As can be clearly seen from the diagram, PR and QS are the diameters of the circle and they intersect each other at the centre, O of the circle.
The angle these diameters make at the point of intersection O is 90 degrees.
If Margot joins the points P,Q,R and S which are on the circumference of the circle, then we will get a square with sides PQ, QR, RS and SP as shown in the second diagram.
Thus, the correct option is Option A.
