Business Math (11th Edition)
11th Edition
ISBN: 9780134496436
Author: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Publisher: PEARSON
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Chapter 14, Problem 38ES
To determine
To calculate: The amount in the account after 17 years with 4.8% interest per year while Jennifer Guyton contributes $75 per month to that payroll deduction along with her employer contributes $25 per months.
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Four Numbers - Expected Value
According to the Michigan Lottery the best odds of winning are when you pick four numbers. If all four numbers come up then you win $72 for each dollar you bet. If three numbers come up then you win $5 for each dollar you bet. If two numbers come up then you win $1 for every dollar you bet (net winnings are zero). Otherwise, you lose the money you bet.
Fill out the following table, assuming a $1 bet. Enter your probabilities as decimals, entering all the digits you see on your calculator.
Outcome
Probability
Net Value
(Don't forget to account for the $1 bet)
Product
(Round to 3 decimals)
4 correct
$
$
3 correct
$
$
2 correct
$
$
0 or 1 correct
$
$
Chapter 14 Solutions
Business Math (11th Edition)
Ch. 14.1 - Prob. 1-1SCCh. 14.1 - Prob. 1-2SCCh. 14.1 - Prob. 1-3SCCh. 14.1 - Prob. 1-4SCCh. 14.1 - Prob. 2-1SCCh. 14.1 - Prob. 2-2SCCh. 14.1 - Prob. 2-3SCCh. 14.1 - Prob. 2-4SCCh. 14.1 - Prob. 2-5SCCh. 14.1 - Prob. 2-6SC
Ch. 14.1 - Prob. 3-1SCCh. 14.1 - Prob. 3-2SCCh. 14.1 - Prob. 3-3SCCh. 14.1 - Prob. 3-4SCCh. 14.1 - Prob. 4-1SCCh. 14.1 - Prob. 4-2SCCh. 14.1 - Prob. 4-3SCCh. 14.1 - Prob. 4-4SCCh. 14.1 - Prob. 5-1SCCh. 14.1 - Prob. 5-2SCCh. 14.1 - Prob. 5-3SCCh. 14.1 - Prob. 5-4SCCh. 14.1 - Prob. 6-1SCCh. 14.1 - Prob. 6-2SCCh. 14.1 - Prob. 6-3SCCh. 14.1 - Prob. 6-4SCCh. 14.1 - Prob. 6-5SCCh. 14.1 - Prob. 6-6SCCh. 14.1 - Prob. 1SECh. 14.1 - Prob. 2SECh. 14.1 - Prob. 3SECh. 14.1 - Prob. 4SECh. 14.1 - Prob. 5SECh. 14.1 - Prob. 6SECh. 14.1 - Prob. 7SECh. 14.1 - Prob. 8SECh. 14.1 - Prob. 9SECh. 14.1 - Prob. 10SECh. 14.1 - Prob. 11SECh. 14.1 - Prob. 12SECh. 14.1 - Prob. 13SECh. 14.1 - Prob. 14SECh. 14.1 - Prob. 15SECh. 14.1 - Prob. 16SECh. 14.1 - Prob. 17SECh. 14.1 - Prob. 18SECh. 14.1 - Prob. 19SECh. 14.1 - Prob. 20SECh. 14.1 - Prob. 21SECh. 14.1 - Prob. 22SECh. 14.1 - Prob. 23SECh. 14.1 - Prob. 24SECh. 14.1 - Prob. 25SECh. 14.1 - Prob. 26SECh. 14.1 - Prob. 27SECh. 14.1 - Prob. 28SECh. 14.1 - Prob. 29SECh. 14.1 - Prob. 30SECh. 14.2 - Prob. 1-1SCCh. 14.2 - Prob. 1-2SCCh. 14.2 - Prob. 1-3SCCh. 14.2 - Prob. 1-4SCCh. 14.2 - Prob. 2-1SCCh. 14.2 - Prob. 2-2SCCh. 14.2 - Prob. 2-3SCCh. 14.2 - Prob. 2-4SCCh. 14.2 - Prob. 3-1SCCh. 14.2 - Prob. 3-2SCCh. 14.2 - Prob. 1SECh. 14.2 - Prob. 2SECh. 14.2 - Prob. 3SECh. 14.2 - Prob. 4SECh. 14.2 - Prob. 5SECh. 14.2 - Prob. 6SECh. 14.2 - Prob. 7SECh. 14.2 - Prob. 8SECh. 14.2 - Prob. 9SECh. 14.2 - Prob. 10SECh. 14.2 - Prob. 11SECh. 14.2 - Prob. 12SECh. 14.2 - Prob. 13SECh. 14.2 - Prob. 14SECh. 14 - Prob. 1ESCh. 14 - Prob. 2ESCh. 14 - Prob. 3ESCh. 14 - Prob. 4ESCh. 14 - Prob. 5ESCh. 14 - Prob. 6ESCh. 14 - Prob. 7ESCh. 14 - Prob. 8ESCh. 14 - Prob. 9ESCh. 14 - Prob. 10ESCh. 14 - Prob. 11ESCh. 14 - Prob. 12ESCh. 14 - Prob. 13ESCh. 14 - Prob. 14ESCh. 14 - Prob. 15ESCh. 14 - Prob. 16ESCh. 14 - Prob. 17ESCh. 14 - Prob. 18ESCh. 14 - Prob. 19ESCh. 14 - Prob. 20ESCh. 14 - Prob. 21ESCh. 14 - Prob. 22ESCh. 14 - Prob. 23ESCh. 14 - Prob. 24ESCh. 14 - Prob. 25ESCh. 14 - Prob. 26ESCh. 14 - Prob. 27ESCh. 14 - Prob. 28ESCh. 14 - Prob. 29ESCh. 14 - Prob. 30ESCh. 14 - Prob. 31ESCh. 14 - Prob. 32ESCh. 14 - Prob. 33ESCh. 14 - Prob. 34ESCh. 14 - Prob. 35ESCh. 14 - Prob. 36ESCh. 14 - Prob. 37ESCh. 14 - Prob. 38ESCh. 14 - Prob. 39ESCh. 14 - Prob. 1PTCh. 14 - Prob. 2PTCh. 14 - Prob. 3PTCh. 14 - Prob. 4PTCh. 14 - Prob. 5PTCh. 14 - Prob. 6PTCh. 14 - Prob. 7PTCh. 14 - Prob. 8PTCh. 14 - Prob. 9PTCh. 14 - Prob. 10PTCh. 14 - Prob. 11PTCh. 14 - Prob. 12PTCh. 14 - Prob. 13PTCh. 14 - Prob. 14PTCh. 14 - Prob. 15PTCh. 14 - Prob. 16PTCh. 14 - Prob. 17PTCh. 14 - Prob. 18PTCh. 14 - Prob. 19PTCh. 14 - Prob. 20PTCh. 14 - Prob. 21PTCh. 14 - Prob. 22PTCh. 14 - Prob. 23PTCh. 14 - Prob. 24PTCh. 14 - Prob. 25PTCh. 14 - Prob. 1CTCh. 14 - Prob. 2CTCh. 14 - Prob. 3CTCh. 14 - Prob. 4CTCh. 14 - Prob. 5CTCh. 14 - Prob. 6CTCh. 14 - Prob. 7CTCh. 14 - Prob. 8CTCh. 14 - Prob. 9CTCh. 14 - Prob. 10CTCh. 14 - Prob. 1CPCh. 14 - Prob. 2CPCh. 14 - Prob. 3CPCh. 14 - Prob. 1CS1Ch. 14 - Prob. 2CS1Ch. 14 - Prob. 3CS1Ch. 14 - Prob. 4CS1Ch. 14 - Prob. 5CS1Ch. 14 - Prob. 1CS2Ch. 14 - Prob. 2CS2Ch. 14 - Prob. 3CS2Ch. 14 - Prob. 4CS2Ch. 14 - Prob. 5CS2Ch. 14 - Prob. 1CS3Ch. 14 - Prob. 2CS3Ch. 14 - Prob. 3CS3Ch. 14 - Prob. 4CS3Ch. 14 - Prob. 5CS3Ch. 14 - Prob. 6CS3
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