Find the expected payback for a game in which you bet $6 on any number from 0 to 499. If your number comes up, you get $500.The expected payback is $(Round to the nearest cent as needed.)

Given,You bet $6 on any number from 0 to 499. That is, total numbers = 500If your number comes up,…

Answered: Find the expected payback for a game in…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.CR: Chapter Review

Problem 80E

See similar textbooks

Similar questions

Over the last 40 weeks, Mr. Neace has lost $2400 playing the lottery. What is his average loss per week?
1 30% of $40 is $
A charity organization is selling $4 raffle tickets as part of a fund raising program. They are selling 5000 tickets. The one winner will get a boat worth $3200. value? Report the answer to the nearest cent. If you buy one ticket, what is your expected
The markup on a video game is 25% of the sale price if the video game sells for $86.67 what was the cost (in $) round your answer to the nearest cent.)
Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5 for rolling a 6 or a 5, nothing otherwise. You will not have your payment of $3.00 refunded. What is your expected net winnings?A. − $3.00B. − $1.33C. $3.00D. $5
A game consists of rolling a colored die with three blue sides, two red sides and one white side. A roll of blue loses. A roll of red pays $3.00. A roll of white pays $5.00. The charge to play the game is $3.00.What is the estimated value? Would you play the game?
Suppose a charitable organization decides to raise money by raffling a trip worth $500. If 3,000 tickets are sold at $1.00 each, find the expected net winnings for a person who buys 1 ticket.
Jeans with an original price of $45 are on sale at 15% off. What is the sale price of the jeans? (Round to the nearest cent, if necessary.)
An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she deposited $1,400 into the same account. How much money was there at the end of 7 years? Round your answer to the nearest cent. At the end of 7 years the account will have $
At a sale, a suit is being sold for 26% of the regular price m. The sale price is $83.20. What is the regular price?
You pick three different numbers from 1 and 12. If you pick all the numbers correctly you win P500.00. What are your expected earnings if it costs PI0.00 to play?
Your Great Aunt Thelma invested $3.75 for you the day your were born. The investment doubles every year until you are 18 years old. When you were 16, you took out the investment because you had to buy something important. How much money would you have had at age 18 if you left the money in the investment? $ How much money did you lose by not keeping the money invested until you were 18 years old? $ (Round to the nearest cent.) (Round to the nearest cent.) Blank 1: Blank 2:

SEE MORE QUESTIONS

Recommended textbooks for you

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Calculus For The Life Sciences

Calculus

ISBN:

9780321964038

Author:

GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:

Pearson Addison Wesley,

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Calculus For The Life Sciences

Calculus

ISBN:

9780321964038

Author:

GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:

Pearson Addison Wesley,

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:

McDougal Littell

SEE MORE TEXTBOOKS

Find the expected payback for a game in which you bet $6 on any number from 0 to 499. If your number comes up, you get $500. The expected payback is $. (Round to the nearest cent as needed.)