SOLUTION: A safe containing $1,000,000 is locked with a combination lock. You pay $15 for one guess at the six-digit combination. If you open the lock, you get to keep the million dollars. W

Algebra ->  Probability-and-statistics -> SOLUTION: A safe containing $1,000,000 is locked with a combination lock. You pay $15 for one guess at the six-digit combination. If you open the lock, you get to keep the million dollars. W      Log On


   



Question 1032237: A safe containing $1,000,000 is locked with a combination lock. You pay $15 for one guess at the six-digit combination. If you open the lock, you get to keep the million dollars. What is your expectation?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
I expect to lose $15.