Suppose you are invited to play a game in which you bet $1 on any number from 000 to 299. If your number comes up, you get $75. Find the expected winnings. Expected winnings = $ (Type an integer or decimal rounded to the nearest cent as needed.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.1: Percents And Fractions
Problem 29E
icon
Related questions
Question
100%
Suppose you are invited to play a game in which you bet $1 on any number from 000 to 299. If your number comes up, you get $75. Find the expected
winnings.
Expected winnings = $
(Type an integer or decimal rounded to the nearest cent as needed.)
Transcribed Image Text:Suppose you are invited to play a game in which you bet $1 on any number from 000 to 299. If your number comes up, you get $75. Find the expected winnings. Expected winnings = $ (Type an integer or decimal rounded to the nearest cent as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax