document.write( "Question 1110287: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 899
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document.write( "If your number comes up, you get $675
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document.write( "Find the expected winnings. \n" );
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Algebra.Com's Answer #725289 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Suppose you are invited to play a game in which you bet $1 on any number from 000 to 899. \n" ); document.write( ". \n" ); document.write( "If your number comes up, you get $675 \n" ); document.write( ". \n" ); document.write( "Find the expected winnings. \n" ); document.write( "----- \n" ); document.write( "Random \"winnings\".... -1......674 \n" ); document.write( "Probabilities::......899/900...1/900 \n" ); document.write( "------ \n" ); document.write( "Expected \"winnings\" = (-899 + 674)/900 = -225/900 = -25 cents \n" ); document.write( "----------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "-------------- \n" ); document.write( " |