Mathematics, 14.04.2020 22:03 Dweath50

Derrick is playing a carnival game. The cost for each turn is $1.50. If Derrick wins a turn, he gets $5.00 back, and if he loses, he gets nothing back. The probability of Derrick winning any one turn is 32%. Derrick only wants to play the game if he can expect to win money over many turns. Should Derrick play, and for what reason?

A) No, because on average, Derrick can expect to come out behind by $0.10 per turn.
B) No, because on average, Derrick can expect to come out behind by $0.58 per turn.
C) Yes, because on average, Derrick can expect to come out ahead by $0.10 per turn.
D) Yes, because on average, Derrick can expect to come out ahead by $0.42 per turn.

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 19:30, santileiva123199

Factor the following expression. 27y3 – 343 a. (3y + 7)(9y2 + 2ly + 49) b. (3y – 7)(9y2 + 2ly + 49) c. (3y – 7)(932 – 217 + 49) d. (3y + 7)(92 – 2ly + 49)

Answers: 1

continue

Mathematics, 21.06.2019 21:30, mrlepreqon8897

Apool measures 100 meters by 100 meters a toddler inside the pool and trows a ball 60 centimeters from one edge of the pool. how far is the ball from the opposite edge of the pool

Answers: 1

continue

Mathematics, 21.06.2019 21:50, rubieceleste548

Rachel is studying the population of a particular bird species in a national park. she observes every 10th bird of that species that she can find in the park. her conclusion is that the birds living in the park who belong to that species generally feed on insects. rachel's sample is . based on the sample she picked, rachel's generalization is . reset next

Answers: 1

continue

Mathematics, 21.06.2019 23:00, dianereyes7475

The angles in a triangle are represented by 5x, 8x, and 2x+9. what is the value of ? a.10.8 b.11.4 c.9.7 d.7.2

Answers: 2

continue

You know the right answer?

Derrick is playing a carnival game. The cost for each turn is $1.50. If Derrick wins a turn, he gets...