Answer: Polynomial
Step-by-step explanation:
We have this equation:
So, we need to solve this equation for L. Then we sum -2W in each member of the equation, like this:
Then, dividing the equation by 2:
Finally, let's order this equation:
Step-by-step explanation:
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Answer:
$ 1.2
Step-by-step explanation:
The first thing is to define the expected value of the ticket that would be the sum of the value for all event probabilities.
That is, if you buy 1 ticket, for each participant the probabilities are:
1. 1/1000 to get a $ 1,200 item
2. 999/1000 to get nothing ($ 0).
That is to say:
(1/1000) * $ 1200 + (999/1000) * $ 0 = (1/1000) * $ 1200 = $ 1.2
Therefore, the expected value is $ 1.2, this means that in reality each participant pays $ 0.8 more than the ticket is worth
-1.76
Since the solution needs to be a number less than or equal to -2, you need to find a number that is closer to 0 than -2. The answer can not be -2 as it is equal to -2, and cannot be -8/-2.45 as it is a greater distance to 0.
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