document.write( "Question 509903: here is the problem-
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document.write( "A bowl contains 9 red marbles, 5 white marbles, and 3 blue marbles. If a person selects one marble from the bowl at random and draws a red marble, they lose $1.00. If a white marble is selected, they win $2.00, and if a blue one is selected, they win $3.00. WHat is the expected profit or loss for a person playing this game?\r
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document.write( "I have done this a few different ways and am still not sure of what the question is really asking me. \n" );
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Algebra.Com's Answer #341649 by solver91311(24713) You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The probability of drawing a red is \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The probability of drawing a white is \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The probability of drawing a blue is \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The overall expected payout is the sum of the three expected payouts caluclated above:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So what does that mean? If the owner of the game charges you $0.58 or less each time you play, then go for it (as long as the game owner can afford to run his loser, that is). On the other hand, if it costs $0.59 or more to play, walk away -- it is a loser for the player.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |