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Next, list or calculate the probability for each outcome. The problem gives most of them directly, but we need to calculate the probability of winning nothing: Probability of Probability of Probability of Probability of To find the probability of winning nothing (losing ), subtract the sum of the winning probabilities from

Multiply each net payout by its corresponding probability and add the products together. The expected value formula is fifa-22-pc-game-free-download

E(X)=2.20−3.20=-1.00cap E open paren cap X close paren equals 2.20 minus 3.20 equals negative 1.00 ✅ Final Answer Next, list or calculate the probability for each outcome

To calculate the expected value of your profit or loss from this scratch-off ticket, we need to multiply the net value of each possible outcome by its probability and sum them all together. First, find the net profit or loss for

First, find the net profit or loss for every possible ticket outcome by subtracting the initial cost of the ticket from the prize amounts: Winning nothing: 2. Determine all outcome probabilities

E(X)=0.95+0.75+0.50+0−3.20cap E open paren cap X close paren equals 0.95 plus 0.75 plus 0.50 plus 0 minus 3.20

Here is the step-by-step procedure to calculate this result: 1. Identify all net payouts

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Next, list or calculate the probability for each outcome. The problem gives most of them directly, but we need to calculate the probability of winning nothing: Probability of Probability of Probability of Probability of To find the probability of winning nothing (losing ), subtract the sum of the winning probabilities from

Multiply each net payout by its corresponding probability and add the products together. The expected value formula is

E(X)=2.20−3.20=-1.00cap E open paren cap X close paren equals 2.20 minus 3.20 equals negative 1.00 ✅ Final Answer

To calculate the expected value of your profit or loss from this scratch-off ticket, we need to multiply the net value of each possible outcome by its probability and sum them all together.

First, find the net profit or loss for every possible ticket outcome by subtracting the initial cost of the ticket from the prize amounts: Winning nothing: 2. Determine all outcome probabilities

E(X)=0.95+0.75+0.50+0−3.20cap E open paren cap X close paren equals 0.95 plus 0.75 plus 0.50 plus 0 minus 3.20

Here is the step-by-step procedure to calculate this result: 1. Identify all net payouts