A gambler is trying to determine whether or not to make a bet. If he bets and wins, he will profit $2000. If he bets and loses, he has to pay $300. The probability that he wins the bet is 15%. Find the gambler's expected value if he makes the bet.

Answers

Answer 1

Answer:

The gambler's expected value if he makes the bet is $45.

Step-by-step explanation:

Expected value:

15% probability of a profit of $2000.

100 - 15 = 85% probability of having to pay $300, that is, a loss of $300.

The expected value is each outcome multiplied by it's probability, so:

[tex]E = 0.15*2000 - 0.85*300 = 45[/tex]

The gambler's expected value if he makes the bet is $45.


Related Questions

A transect is an archaeological study area that is 1/5 mile wide and 1 mile long. A site in a transect is the location of a significant archaeological find. Let x represent the number of sites per transect. In a section of Chaco Canyon, a large number of transects showed that x has a population variance σ2 = 42.3. In a different section of Chaco Canyon, a random sample of 28 transects gave a sample variance s2 = 48.3 for the number of sites per transect.

Required:
Use a 5% level of significance to test the claim that the variance in the new section is greater than 42.3.

Answers

Answer:

There is significant evidence to conclude that carina e in New section is greater than 42.3

Step-by-step explanation:

Given :

Sample variance, s² = 48.3

Population variance, σ² = 42.3

Sample size, n = 28

α = 0.05

The hypothesis :

H0 : σ² = 42.3

H0 : σ² > 42.3

The test statistic, χ² : (n-1)*s²/σ²

χ² = [(28 - 1) * 48.3] / 42.3

χ² = (27 * 48.3) / 42.3

χ² = 1304.1 / 42.3

χ² = 30.829787

χ² = 30.830

The Critical value at α = 0.05 ; df = (28-1) = 27

Critical value(0.05, 27) = 27.587

Reject H0 if χ² statistic > Critical value

Since, 30.830 > 27.587 ; Reject H0 ; and conclude that variance in the new section is greater than 42.3

A humanities professor assigns letter grades on a test according to the following scheme.
A: Top 8% of scores
B: Scores below the top 8% and above the bottom 62%
C: Scores below the top 38% and above the bottom 18%
D: Scores below the top 82% and above the bottom 9%
E: Bottom 9% of scores Scores on the test are normally distributed with a mean of 67 and a standard deviation of 7.3.
Find the numerical limits for a C grade.

Answers

Answer:

The numerical limits for a C grade are 60.6 and 69.1.

Step-by-step explanation:

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Scores on the test are normally distributed with a mean of 67 and a standard deviation of 7.3.

This means that [tex]\mu = 67, \sigma = 7.3[/tex]

Find the numerical limits for a C grade.

Below the 100 - 38 = 62th percentile and above the 18th percentile.

18th percentile:

X when Z has a p-value of 0.18, so X when Z = -0.915.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-0.915 = \frac{X - 67}{7.3}[/tex]

[tex]X - 67 = -0.915*7[/tex]

[tex]X = 60.6[/tex]

62th percentile:

X when Z has a p-value of 0.62, so X when Z = 0.305.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.305 = \frac{X - 67}{7.3}[/tex]

[tex]X - 67 = 0.305*7[/tex]

[tex]X = 69.1[/tex]

The numerical limits for a C grade are 60.6 and 69.1.

What is the numerical coefficient of the first term

Answers

Answer:

the number before the first variable (first term)

Step-by-step explanation:

this appears to be an incomplete question. The numerical coefficient of a term is the number before the variable.

the constant is the number without a variable.

The constant number without the verbal?

which is a stretch of an exponential decay function algebra 1

Answers

Answer:

Assuming the base number is 1, if it becomes 5 then it is stretched. If the number become 1/5(less than 1) it is called compressed.

Step-by-step explanation:

trigonometry Ration

Answers

Answer:I ay e no idea

А _______ equation can be written in the form ax2 + bx+c=0 where a, b, and c are real numbers, and a is a nonzero number.

Fill in the blank.

A) quadratic
B) quartic
C) linear
D) cubic

Wrong answers WILL be reported. Thanks!

Answers

Answer:

A) quadratic

Step-by-step explanation:

ax2 + bx+c=0

Since the highest power of the equation is 2

A) quadratic -2

B) quartic- 4

C) linear- 1

D) cubic-3

A) quadratic because the highest power of the equation is 2

A man owns 3/4 of the share of a business and sells 1/3 of his
shares for Birr 10,000. What is the value of the business in Bir?

Answers

Given:

A man owns 3/4 of the share of a business and sells 1/3 of his  shares for Bir 10,000.

To find:

The value of the business in Bir.

Solution:

Let x be the value of the business.

It is given that a man owns 3/4 of the share of a business and sells 1/3 of his  shares for Bir 10,000.

[tex]x\times \dfrac{3}{4}\times \dfrac{1}{3}=10000[/tex]

[tex]x\times \dfrac{1}{4}=10000[/tex]

Multiply both sides by 4.

[tex]x=4\times 10000[/tex]

[tex]x=40000[/tex]

Therefore, the value of the business is 40,000 Bir.

Solve 5 to x-4 power =7

Answers

Answer:The value of x is 4.

Step-by-step explanation:

Given : Expression  .

To find : Solve for x ?

Solution :

Applying exponential property,  

Comparing the base,

Step-by-step explanation:

please help me with this on the image

Answers

Answer:

ik only 1 of them and i dont even know if this is correct...

a) A

Hi there! please help with this.

Answers

Answer:

Step-by-step explanation:

I dont know wish I could help, srry.

What is the area of the figure

Answers

Answer:

72 in. sq.

Step-by-step explanation:

6 x 6 = 36

6 x 6 = 36 / 2 = 18

6 x 6 = 36 / 2 = 18

18 + 18 + 36 = 72.

Hope this helps!

If there is something wrong just let me know.

72 inches is the answer

Open the graphing tool one last time. Compare the graphs of y=log (x-k) and y=log x+k in relation to their domain, range, and asymptotes. Describe what you see.

Answers

Answer:

sorry I don't know the answer

Answer:

For the equation y=log(x-k), the domain depends on the value of K. Sliding K moves the left bound of the domain interval. The range and the right end behavior stay the same. For the equation y=log x+k, the domain is fixed, starting at an x-value of 0. The vertical asymptote is also fixed. The range of the equation depends on K.

Step-by-step explanation:

complete the table of values for y=x^2-2

Answers

Step-by-step explanation:

a)

For each value of x, we need to solve for y.

Our equation is x² -2. This means that we multiply x by itself ( x * x = x²), and then subtract that value by 2.

Here is a list of the unfilled answers:

x = -2:

-2²-2 = -2 * -2 -2 = 4-2 = 2. -2 * -2 = 4 because two negatives multiplied together makes a positive.

x=-1:

-1²-2 = 1 -2 = -1

x=1

1²-2 = 1-2= -1

x=3:

3²-2  = 9-2 = 7

b)

In this graph, the y represents the vertical part and x represents the horizontal. For each value of y, there is a horizontal line that can be drawn. For example, when y=0, the bolded horizontal line near the bottom of the graph represents that. We then need to find the points on the line representing x²-2 where it touches the horizontal line of y=0. This happens when x=-1.5 and x=1.5, as it is between the positive/negative 1 and 2 values of x

What is a1
of the arithmetic sequence for which a3=126
and a64=3,725
a
64
=
3
,
725
?

Answers

In an arithmetic sequence, every pair of consecutive terms differs by a fixed number c, so that the n-th term [tex]a_n[/tex] is given recursively by

[tex]a_n=a_{n-1}+c[/tex]

Then for n ≥ 2, we have

[tex]a_2=a_1+c[/tex]

[tex]a_3=a_2+c = (a_1+c)+c = a_1 + 2c[/tex]

[tex]a_4=a_3+c = (a_1 + 2c) + c = a_1 + 3c[/tex]

and so on, up to

[tex]a_n=a_1+(n-1)c[/tex]

Given that [tex]a_3=126[/tex] and [tex]a_{64}=3725[/tex], we can solve for [tex]a_1[/tex]:

[tex]\begin{cases}a_1+2c=126\\a_1+63c=3725\end{cases}[/tex]

[tex]\implies(a_1+63c)-(a_1+2c)=3725-126[/tex]

[tex]\implies 61c = 3599[/tex]

[tex]\implies c=59[/tex]

[tex]\implies a_1+2\times59=126[/tex]

[tex]\implies a_1+118 = 126[/tex]

[tex]\implies \boxed{a_1=8}[/tex]

The work done by a machine in 2 minutes is 480J. Calculate the power of the machine​

Answers

Answer:

I think the power is 4

Step-by-step explanation:

480J / 120 = 4

Put 2 mins into seconds which is 120 seconds

Sorry if it is wrong :)

Answer:

[tex]4\text{ watts}[/tex]

Step-by-step explanation:

In physics, the power of a machine is given by [tex]P=\frac{W}{\Delta t}[/tex], where [tex]W[/tex] is work in Joules and [tex]\Delta t[/tex] is time in seconds.

Convert 2 minutes into seconds:

2 minutes = 120 seconds.

Substitute [tex]W=480[/tex] and [tex]\Delta t=120[/tex] to solve for [tex]P[/tex]:

[tex]P=\frac{480}{120}=\boxed{4\text{ watts}}[/tex]

.
you invested $
7000
7000
between two accounts payin 
6
%
6
%
and 
8
%
8
%
annual interet, respectively. if the total interest earned for the year was $
480
,
480
,
how much was invested at each rate

Answers

9514 1404 393

Answer:

$3000 at 8%$4000 at 6%

Step-by-step explanation:

Let x represent the amount invested at 8%. Then the total interest earned is ...

  0.06(7000 -x) +0.08x = 480

  420 +0.02x = 480 . . . . . . . . . eliminate parentheses

  0.02x = 60 . . . . . . . . . . subtract 420

  x = 60/0.02 = 3000 . . . . . divide by the coefficient of x

$3000 was invested at 8%; $4000 was invested at 6%.

Student scores on exams given by a certain instructor have mean 74 and standard deviation 14. This instructor is about to give two exams, one to a class of size 25 and the other to a class of size 64.

Required:
a. Approximate the probability that the average test score in the class of size 25 exceeds 80.
b. Repeat part (a) for the class of size 64.
c. Approximate the probability that the average test score in the larger class exceeds that of the other class by over 2.2 points.

Answers

Answer:

a) Hence the probability that the average test score in the class of size 25 exceeds 80.

P ( X > 74) = 0.9838

P ( Z > 2.14) = 0.0162

b) Hence the probability that the average test score for the class of size 64

P ( X > 74) = 0.9838

P ( Z > 2.14) = 0.0003

c) Probability of the difference exceeding 2.2 = 0.9936

P (Z < 2.49) = 0.0064

Step-by-step explanation:

Let's assume a normal distribution.

Now,

a) For a class of 25

[tex]P ( X > 74) = P (Z > 80 - 74/ 14\sqrt(25) )\\\\= P (Z < 6 / 2.8)\\\\= P ( Z < 2.14)\\= 0.9838\\[/tex]

[tex]P ( Z > 2.14) = 1- 0.9838\\= 0.0162[/tex]

b)

Similarly:

For the class of 64

[tex]P ( X > 74) = P (Z > 80 - 74/ 14\sqrt(64) )\\\\= P (Z < 6 / 1.75)= P ( Z < 3.428)\\= 0.9838\\[/tex]

[tex]P ( Z > 2.14) = 1- 0.9997\\= 0.0003[/tex]

c) Probability of the difference exceeding 2.2

[tex]= P (Z > 2.2/\sqrt{14 * {(1/25) + (1/64}\\[/tex]

[tex]= P (Z > 2.49)\\= 0.9936[/tex]

P (Z < 2.49)

= 1 - 0.9936

= 0.0064

the line that passes through the point (-4, 2) and has a
What is the equation of
slope of
2?

Answers

Answer:

y = 2x + 10

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

Here m = 2 , then

y = 2x + c ← is the partial equation

To find c substitute (- 4, 2 ) into the partial equation

2 = - 8 + c ⇒ c = 2 + 8 = 10

y = 2x + 10 ← equation of line

i need the answer plz no explanation needed

Answers

Answer:

x = -1/2

Step-by-step explanation:

X= -1/2 here is your answer with no explanation thank you

the volume of a box is 360cm³,if the height is 9cm and the breadth is 8cm, find the length​

Answers

Answer:

5 cm

Step-by-step explanation:

V = l*w*h

360 = l*8*9

360= 72l

Divide each side by 72

360/72 = 72l/72

5=l

Answer:

[tex]length = 5cm[/tex]

Step-by-step explanation:

[tex]volume \: = l \times b \times h \\ l = \frac{v}{b \times h} \\ l = \frac{360 {cm}^{3} }{9cm \times 8cm} \\ l = \frac{360}{72} \\ l = 5cm[/tex]

Hope this helps you.

have a nice day!

The mean of a certain set of measurements is 27 with a standard deviation of 14. The distribution of the

data from which the sample was drawn is mound-shaped. The proportion of measurements that is less

than 13 is


Less than at least 3

4

.
Exactly 16%.

At least 16%.

At most 16%.

Answers

Answer:

Exactly 16%.

Step-by-step explanation:

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

The mean of a certain set of measurements is 27 with a standard deviation of 14.

This means that [tex]\mu = 27, \sigma = 14[/tex]

The proportion of measurements that is less  than 13 is

This is the p-value of Z when X = 13, so:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{13 - 27}{14}[/tex]

[tex]Z = -1[/tex]

[tex]Z = -1[/tex] has a p-value of 0.16, and thus, the probability is: Exactly 16%.

The sum of two binomials is 12x2 − 5x. If one of the binomials is x2 − 2x, the other binomial is:

1. 11x2 − 7x.
2. 12x2 − 3x.
3. 11x2 − 3x.
4. None of these choices are correct.

Answers

Answer:

C. 11x² - 3x

Step-by-step explanation:

(12x² - 5x) - (x² - 2x)

12x² - 5x - x² + 2x

12x - x² - 5x + 2x

11x² - 3x

Help I don’t get this

Answers

Answer:

Step-by-step explanation:

5t² + 4t = 5t² + 4 if and only if t=1.

A zero coefficient makes the value of the term equal to zero.

Answer: 5t to the second power and 5t to the second power. I don't know the answer to b.

Step-by-step explanation:

Use the procedures developed to find the general solution of the differential equation. (Let x be the independent variable.)

2y''' + 15y'' + 24y' + 11y= 0

Answers

Solution :

Given :

2y''' + 15y'' + 24y' + 11y= 0

Let x = independent variable

[tex](a_0D^n + a_1D^{n-1}+a_2D^{n-2} + ....+ a_n) y) = Q(x)[/tex]  is a differential equation.

If [tex]Q(x) \neq 0[/tex]

It is non homogeneous then,

The general solution  = complementary solution + particular integral

If Q(x) = 0

It is called the homogeneous then the general solution =  complementary solution.

2y''' + 15y'' + 24y' + 11y= 0

[tex]$(2D^3+15D^2+24D+11)y=0$[/tex]

Auxiliary equation,

[tex]$2m^3+15m^2+24m +11 = 0$[/tex]

-1  | 2    15    24     11

    | 0   -2    - 13    -11  

      2    13    11       0

∴ [tex]2m^2+13m+11=0[/tex]

The roots are

[tex]$=\frac{-b\pm \sqrt{b^2-4ac}}{2a}$[/tex]

[tex]$=\frac{-13\pm \sqrt{13^2-4(11)(2)}}{2(2)}$[/tex]

[tex]$=\frac{-13\pm9}{4}$[/tex]

[tex]$=-5.5, -1$[/tex]

So, [tex]m_1, m_2, m_3 = -1, -1, -5.5[/tex]

Then the general solution is :

[tex]$= (c_1+c_2 x)e^{-x} + c_3 \ e^{-5.5x}$[/tex]

 

Is the collection of nice nepali songs a set​

Answers

Yes, The collection of nice Nepali songs is a set​.

What is a set?

A set is a collection of items where there are operations such as:

Union of sets, the intersection of sets, and the complement of sets.

We have,

A set would have a finite or infinite number of elements, depending on the number of songs in the collection.

Nepali songs refer to a specific, well-defined collection of songs that satisfy certain criteria (such as being popular, culturally significant, or critically acclaimed).

so,

It can be considered a set.

Thus,

Yes, The collection of nice Nepali songs is a set​.

Learn more about sets here:

https://brainly.com/question/8053622

#SPJ2

Lesson Goals
Understand
relationships.
Define a function in
Identify the domain
Determine whether or
terms of its
and
of
not a
and output.
a relation.
is a function.
W
2K
Words to know

Answers

स्ज्द्ज्ज्ग्जेज्दिविफ्ज्र्ज्स्ज्स्ज्ग्झ्क्व्जेफिक

A professor, transferred from Toronto to New York, needs to sell his house in Toronto quickly. Someone has offered to buy his house for $220,000, but the offer expires at the end of the week. The professor does not currently have a better offer but can afford to leave the house on the market for another month. From conversations with his realtor, the professor believes the price he will get by leaving the house on the market for another month is uniformly distributed between $210,000 and $235,000. If he leaves the house on the market for another month, what is the probability that he will get at least $225,000 for the house

Answers

Sorry I’m not sure but others might know

i need some help please, thanks

Answers

Answer:

The slope, m is -3

[tex]{ \tt{ = \frac{3 - 0}{0 - 1} }} \\ = - 3[/tex]

The y-intercept is b = 3

Symbol of inequality:

[tex]{ \tt{x \geqslant 1}} \\ or : \\ { \tt{y \geqslant 3}}[/tex]

5 = –6x2 + 24x
5 = –6(x2 – 4x)

inside the parentheses and
.
–19 = –6(x – 2)2
StartFraction 19 Over 6 EndFraction = (x – 2)2
Plus or minus StartRoot StartFraction 19 Over 6 EndFraction EndRoot = x – 2
The two solutions are
Plus or minus StartRoot StartFraction 19 Over 6 EndFraction EndRoot.

Answers

Answer:

x = 2 - sqrt(19/6)

x = 2 + sqrt(19/6)

Step-by-step explanation:

Answer:

add 4

subtract 24 from 5

2

Step-by-step explanation:

whats 2 plus 2

*just trying to help someone get points* :)

Answers

Answer:4 ma boi

Step-by-step explanation:

Answer:

14

Step-by-step explanation:

because I am god at meth and very smart

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