prettytaae prettytaae
  • 14-04-2022
  • Mathematics
contestada

In a lottery game, each ticket cost $12. You have a 10/1000 probability of winning $300, and 50/1000 probability of winning $100. What is your expected value if you buy 1 ticket?

In a lottery game each ticket cost 12 You have a 101000 probability of winning 300 and 501000 probability of winning 100 What is your expected value if you buy class=

Respuesta :

chibabykalu16
chibabykalu16 chibabykalu16
  • 14-04-2022

Answer:

80% chance of winning$100

Step-by-step explanation:

50/1000 , 10/1000

=> 0.05, 0.01

0.05 - 0.01

0.04 ÷ 0.05

0.8 × 100

=> 80%

Answer Link

Otras preguntas

1. What are some of the advantages of the informal economy? 2. What are some of the disadvantages of the informal economy?
in the 1857 indian uprising, who did rebels declare as the emperor of india? jahangir bahadur shah ii babur akbar
I need help answering this question.
the name of the first great civilization in mesopotamia was egypt. sumer. tigris. euphrates.
An organism is homozygous dominant for one trait and heterozygous for another. A scientist uses this organism in a dihybrid cross. How many different allele com
v^2+16v+ ? Make the expression a perfect square
Who is an at-risk driver
f(x) = 2(x + 6), find x if f(x) = 22
how many petals do irises have ?
the law of ______suggests that older rock strata are at the bottom, and younger rock strata are at the top.