document.write( "Question 321770: please help! i've done several simpler ones on my own but i am stuck on this one. A carnival worker is tempting to play his game. He has a secret box which contains twenty $1 bill, ten $5 bills, and five $10 bills. you can draw one bill out per game; however, the cost of the game is $5. fill in the table for the profit you might win
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document.write( "i can't figure out how to draw the distribution table on here but there are three colums and two rows:(
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Algebra.Com's Answer #230377 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A carnival worker is tempting to play his game. \n" ); document.write( "He has a secret box which contains twenty $1 bills, ten $5 bills, and five $10 bills. \n" ); document.write( "You can draw one bill out per game; however, the cost of the game is $5. \n" ); document.write( "Fill in the table for the profit you might win \n" ); document.write( "Gain x:...........-4........0.........5 \n" ); document.write( "Probability P(x)..20/35....10/35.....5/35 \n" ); document.write( "============================================= \n" ); document.write( "Profit = [20*-4+10*0 + 5*5]/35 = [-80+25]/35 = -55/35 = -11/7 = -$1.57 \n" ); document.write( "============================================= \n" ); document.write( "Question: where did the 35 value come from? \n" ); document.write( "The 35 is the common denominator for each of the P(x) factors. \n" ); document.write( "--- \n" ); document.write( "it also asks what is the expected value of the game? \n" ); document.write( "The expected profit is a loss of $1.57. \n" ); document.write( "=============================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |