document.write( "Question 1008074: PLEASE HELP ME, I would really appreciate it.\r
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document.write( "A safe containing $1,000,000 is locked with a combination lock. You pay $16 for one guess at the six-digit combination. If you open the lock, you get to keep the million dollars. What is your expectation? (Each of the six digits is a number from 0 to 9. Repeated digits are allowed. Round your answer to the nearest cent.) \n" );
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Algebra.Com's Answer #623899 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A safe containing $1,000,000 is locked with a combination lock. \n" ); document.write( "You pay $16 for one guess at the six-digit combination. \n" ); document.write( "If you open the lock, you get to keep the million dollars. \n" ); document.write( "What is your expectation? (Each of the six digits is a number from 0 to 9. Repeated digits are allowed. Round your answer to the nearest cent.) \n" ); document.write( "---- \n" ); document.write( "# of possible 6-digit combinations:: 10^6 = 1 million \n" ); document.write( "---- \n" ); document.write( "Random \"winning\" amounts:: 9999,984..... -16 \n" ); document.write( "Corresponding Probabilites:: 1/10^6.....999,999/10^6 \n" ); document.write( "---- \n" ); document.write( "Expected winnings:: [1*9,999,984 - 16*999,999]/10^6 = -$6.00 \n" ); document.write( "---------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "------------- \n" ); document.write( " |