Hey Guys....
I'm taking this term a math class called the Survey of Mathematics where each week, we study a different variation of math. Honestly, some of the areas that we've covered in class actually needs additional time in order to grasp what is being taught. A week is not long enough. Each week, we have an exam of what was being taught for that week of 20 questions. So, this week, we are being taught Probability.
I am going to list two problems that I am stuck on and if anyone can figure this out, I will very thankful and appreciative of your support and assistance. Thanks in advance...
Problem #1:
a) What does an expected value of 0 mean?
b) What does a negative expected value mean?
c) What does a positive expected value mean?
Problem #2:
If a particular game cost $3.00 to play and the expectation for the game is $2.00, what is the fair price to pay to play the game? Explain how you determine your answer. ~X(
I'm taking this term a math class called the Survey of Mathematics where each week, we study a different variation of math. Honestly, some of the areas that we've covered in class actually needs additional time in order to grasp what is being taught. A week is not long enough. Each week, we have an exam of what was being taught for that week of 20 questions. So, this week, we are being taught Probability.
I am going to list two problems that I am stuck on and if anyone can figure this out, I will very thankful and appreciative of your support and assistance. Thanks in advance...
Problem #1:
a) What does an expected value of 0 mean?
b) What does a negative expected value mean?
c) What does a positive expected value mean?
Problem #2:
If a particular game cost $3.00 to play and the expectation for the game is $2.00, what is the fair price to pay to play the game? Explain how you determine your answer. ~X(
