andrealea21
Mar 26, 2009, 01:47 PM
suppose you have to pay $1 to get a three digit combination at a carnival.
if your three digits are a winning combination you win $100, but they keep your $1.
if you don't get a winning combination they keep your $1.
a.if you have 10 C 3 what is the probability it's a winning combination?
what's the probability its not?
b.what is the mathmatical expectation for 1 pick?
c.what would they expect to make from a sale of 1000?
if your three digits are a winning combination you win $100, but they keep your $1.
if you don't get a winning combination they keep your $1.
a.if you have 10 C 3 what is the probability it's a winning combination?
what's the probability its not?
b.what is the mathmatical expectation for 1 pick?
c.what would they expect to make from a sale of 1000?