document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=62840>Question 62840</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Numbers is a game where you bet $1.00 on any three-digit number from 000 to 999. If your number comes up, you get $600.00. Find the expected net winnings. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #43657 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=43657\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Numbers is a game where you bet $1.00 on any three-digit number from 000 to 999. If your number comes up, you get $600.00. Find the expected net winnings.<BR>\n" );
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document.write( "The random variable \"winnings\" are -$1 and +$600<BR>\n" );
document.write( "The corresponding probabilities are 999/1000 and 1/1000<BR>\n" );
document.write( "The expected \"winnings\" is (999/1000)(-1)+(1/1000)(600)= -399/1000<BR>\n" );
document.write( "= -39.9 cents<BR>\n" );
document.write( "You can expect to lose approximately 40 cents of each ticket you buy for $1.00<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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