Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
To solve this problem, let's break down the details and the process of estimation.
First, consider the nature of the game. You have a 50% chance of winning [tex]$950 each time you play. Since you're flipping a coin, the probability of either heads or tails occurring is 50%, or 0.5. To estimate the expected value from playing this game, we'll use the formula for expected value: \[ \text{Expected Value} = (\text{Probability of Win}) \times (\text{Win Amount}) \] Here, the probability of winning (flipping heads or tails correctly) is 0.5, and the win amount is $[/tex]950.
Thus, the expected value:
[tex]\[ 0.5 \times 950 = 475 \][/tex]
Rounding to the nearest whole, this is closest to [tex]$500. Therefore, by estimation, the best response would be: $[/tex]500
First, consider the nature of the game. You have a 50% chance of winning [tex]$950 each time you play. Since you're flipping a coin, the probability of either heads or tails occurring is 50%, or 0.5. To estimate the expected value from playing this game, we'll use the formula for expected value: \[ \text{Expected Value} = (\text{Probability of Win}) \times (\text{Win Amount}) \] Here, the probability of winning (flipping heads or tails correctly) is 0.5, and the win amount is $[/tex]950.
Thus, the expected value:
[tex]\[ 0.5 \times 950 = 475 \][/tex]
Rounding to the nearest whole, this is closest to [tex]$500. Therefore, by estimation, the best response would be: $[/tex]500
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
Sara has some oranges. She sold 40% more than she ate. If she sold 70 oranges. How many did she eat?