Mathematics, 17.12.2019 00:31, titowanthony16

You are playing monopoly with a friend. she owns and has developed park place and boardwalk with hotels.

if you roll an 8, you will land on park place and owe her $1500. you will be able to pay, but you will not have money left afterward. if you roll a 9, you will land on luxury tax and have to pay $75. if you roll a 10, you will land on boardwalk and owe her $2000, which is more than you can pay—and lose the game. if you roll a 7 or less, you will not have to pay any money to anyone.

your friend offers you insurance. pay her $500 before you roll and even if you land on boardwalk or park place, you will not have to pay any additional money. however, if you roll a 7, you will have to pay her $1000.

use probabilities to find expected values. then compare the amount of money you should expect to pay out on average, under her insurance and by chance. is her deal fair?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 12:30, 1hannacarson

Muscles, a membership-only gym is hoping to open a new branch in a small city in pennsylvania that currently has no fitness centers. according to their research approximately 12,600 residents live within driving distance of the gym. muscles sends out surveys to a sample of 300 randomly selected residents in this area (all of who respond) and finds that 40 residents say they would visit a gym if one was located in their area. based on the past survey research, muscles estimates that approximately 30% of these respondents would actually join the gym if they opened one in the area. based on this information and the results of the sample survey, about how many residents should muscles expect to join its new branch? a) 134 b) 504 c) 1,680 d) 3,780

Answers: 1

continue

Mathematics, 21.06.2019 15:00, 5924000264

Find parametric equations for the line tangent to the curve of intersection of the surfaces at the given point. surfaces: xsquared2plus+2yplus+2zequals=1212 yequals=33 point: left parenthesis 1 comma 3 comma five halves right parenthesis

Answers: 1

continue

Mathematics, 21.06.2019 23:20, cynayapartlow88

Which best describes a central bank's primary goals? limiting inflation and reducing unemployment reducing unemployment and maintaining cash flow controlling stagflation and reducing unemployment managing credit and ensuring the money supply's liquidity

Answers: 1

continue

Mathematics, 22.06.2019 05:30, Josephjenkins620

The table can be used to determine the solution of equations, 2x − 2y = 6 and 4x + 4y = 28. which solution can be used to fill in both blanks in the table? (2, 5) (5, 2) (5, −8) (−8, 5)

Answers: 3

continue

Do you know the correct answer?

You are playing monopoly with a friend. she owns and has developed park place and boardwalk with hot...