Please help! Correct answer only! I need to finish this assignment before tomorrow.In a raffle, one ticket out of 500 will win a $390 prize, three tickets will win a $230 prize, and sixteen tickets will win a $170 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected payoff?

Answers

Answer 1
Answer:

Answer:    $7.60

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Work Shown:

1/500 = 0.002 is the probability of winning $390

3/500 = 0.006 is the probability of winning $230

16/500 = 0.032 is the probability of winning $170

Multiply the probabilities with their respective winnings

0.002*390 = 0.78

0.006*230 = 1.38

0.032*170 = 5.44

Then add up those results

0.78+1.38+5.44 = 7.60

which is the expected value.

Side note: This game is not a fair game because mathematically a "fair game" is defined as such where the expected value is 0; ie, neither the player nor the dealer win and things break even.


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Answers

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4 hours is the answer to your question.

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Answers

Answer:

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Step-by-step explanation:

The transformation for rotation counterclockwise about the origin by some angle α will be ...

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Additional comment

The "work" is applying the right sign and choosing the right coordinate to fill in the values (-y, x). I find it easier to look up the transformations for ±90° and 180°, rather than try to derive them from first principles every time. Your text may have a list:

  • 90° CCW or 270° CW: (x, y) ⇒ (-y, x)
  • 90° CW or 270° CCW: (x, y) ⇒ (y, -x)
  • 180°: (x, y) ⇒ (-x, -y)