You need to borrow money for gas, so you ask your mother and your sister. You can only borrow money from one of them. Before giving you money, they each say they will make you play a game. Your sister says she wants you to flip a fair coin. She will give you $5 for heads and $25 for tails. Your mother says she wants you to roll a six-sided die. She will give you $5 times the number that appears on the die. Determine the expected value of each game and decide which offer you should take.

You need to borrow money for gas, so you ask your mother and your sister. You can only borrow money from one of them. Before giving you money, they each say they will make you play a game. Your sister says she wants you to flip a fair coin. She will give you $5 for heads and $25 for tails. Your mother says she wants you to roll a six-sided die. She will give you $5 times the number that appears on the die. Determine the expected value of each game and decide which offer you should take.

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter14: Counting And Probability

Section14.CT: Chapter Test

Problem 5CT: A commuter must travel from Ajax to Barrie and back every day. Four roads join the two cities. The...

See similar textbooks

Similar questions

If a man has 4 sweaters and 5 pairs of slacks, how many different outfit can he wear?
In a bag, a child has 325 coins worth $19.50. There were three types of coins: pennies, nickels, and dimes. If the bag contained the same number of nickels as dimes, how many of each type of coin was in the bag?
Alice and Bill have four grandchildren, and they have three framed pictures of each grandchild. They wish to choose one picture of each grandchild to display on the piano in their living room, arranged from oldest to youngest. In how many ways can they do this?
Alice and Bill have four grandchild, and they have three framed pictures of each grandchild. They wish to choose one picture of each grandchild to display on the piano in their living room, arranged from oldest to youngest. In how many ways can they do this?
A commuter must travel from Ajax to Barrie and back every day. Four roads join the two cities. The commuter likes to vary the trip as much as posible, so she alwaysleaves and returns by different roads. In how many different ways can she make the round-trip?