Step-by-step explanation:
the probability that the ticket will win you 600 dollars * 1/1500 = 600/1500.
the probability that the ticket will win you 50 dollars is 50 * 5/1500 = 250/1500.
the probability that the ticket will win you 25 dollars is 25 * 20/1500 = 500/1500.
your expected value is -1 + 600/1500 + 250/1500 + 500/1500 = -.1.
the average loss for each dollar that is bet is equal to 10 cents.
hope this helped
Answer:
Step-by-step explanation:
<em><u>Given:</u></em>
<em><u>Solve for:</u></em>
<em><u>Solution:</u></em>
(1) Let's move all of components that do not contain (our target) to the right side (notice the change of sign of from negative to positive):
(2) Let's divide both sides of equation by 4:
(3) Now, we simplify the left side:
This is the solution.
Hope this helps!
:)
Step-by-step explanation:
<u>Step 1: Answer the question</u>
They are independent because the cards are always going to stay the same. If each card that was picked and discarded, that would alter the future which would make it dependent. But... since it doesn't change the cards, it is independent.
Answer: independent
40 dollars they each spent 40 dollars from 70 dollars
I think it's D as an answer but I could be wrong