In a lottery, you pay $1 and pick a number from 000 to 999. If your number comes up, you win $350, which is a profit of $349. If you lose, you lose $1. Your probability of winning is 0.001. What is the expected value of your profit

The expected value of profit is -$0.65.

Step-by-step explanation:

The rules of the lottery are as follows:

The probability of winning is, P (W) = 0.001.

Then the probability of losing will be,

P (L) = 1 - P (W)

       = 1 - 0.001

       = 0.999

Let the random variable X represent the amount of profit.

The probability distribution table of the lottery result is as follows:

Result      X        P (X)

Win      +349     0.001

Lose         -1       0.999

The formula to compute the expected value of X is:

Compute the expected value of profit  as follows:

Thus, the expected value of profit is -$0.65.

22 dimes and 9 nickels

step-by-step explanation:

answer: ratio of volume of cone (with 3 times the height and equal diameter) to volume of cylinder is 2 to 1. the value of π is not used.

step-by-step explanation:

radius is diameter/2 = 4.

area of circle is π r^2.

volume of cylinder is height × area of base = hπr^2 = 3(4^2) π = 48π cubic inches.

not knowing the formula for volume of cone, i calculate it using calculus (which is for calculating things).

volume of cone is integral 0 to h area(y) dy. area(y) is π r(y)^2. r(y) runs r to zero as y runs zero to h, r(0) = r, r(h) = 0.

r(y) = r - r/h y

area(y) = π (r - r/h y)^2 = π (r^2 - 2r^2y/h + r^2y^2/h^2) = π r^2(1-2y/h+y^2/h^2)

antiderivative area(y) = π r^2 (y-y^2/h+y^3/(3h^2))

integral 0 to h = π r^2(h-h^2/h+h^3/(3h^2) - (0)) = π r^2(h - h + h/3) = π r^2(h/3) = π/3 r^2 h

volume of this cone is π/3(4^2)18 cubic inches.

= 6 16 π = 96π cubic inches.

cone has twice the volume, 96/48.

cone height is 6 times the cylinder.

ratio of volume formula: π r^2 cancels.

cone over cylinder ratio is 6h/3 to h, 2 to 1.