{"id":740,"date":"2019-01-22T07:17:32","date_gmt":"2019-01-22T07:17:32","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=740"},"modified":"2020-01-16T20:27:33","modified_gmt":"2020-01-16T20:27:33","slug":"what-is-your-expected-gain-or-expected-loss","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/what-is-your-expected-gain-or-expected-loss\/","title":{"rendered":"What is your expected gain or expected loss?"},"content":{"rendered":"<p>Referencing Styles: Not Selected<\/p>\n<p>1)\u00a0\u00a0\u00a0 In Roulette there are 38 numbers to choose from, i.e., 00, 0 1,2,3,\u202636. Suppose you bet $25.00 on the number 23 where the payoff is 35 to 1. What is your expected gain or expected loss? Note: In roulette your money is not taken unless you lose&gt;<\/p>\n<p>2)\u00a0\u00a0\u00a0 A truck has a shipment of 300 I-phones. If there are 7 defective I-phones on the truck, what is the probability of picking 10\u00a0 I-phones at random and getting 1 defective I-phone?<\/p>\n<p>3)\u00a0\u00a0\u00a0 In a reverse raffle conducted to benefit a local charity, 100 tickets are sold at $100.00 each. The prize is $5,000.\u00a0 If you purchase five tickets, what is your expected gain or expected loss?<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/assignmenttask.com\/\">Assignmenttask.com<\/a><\/strong> has proved its efficiency by catering 100% plagiarism free content, assurance of privacy and best price for <strong><a href=\"https:\/\/assignmenttask.com\/assignment-help\/\">online assignment help<\/a><\/strong>. Numerous students from Australia, UK and US.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Referencing Styles: Not Selected 1)\u00a0\u00a0\u00a0 In Roulette there are 38 numbers to choose from, i.e., 00, 0 1,2,3,\u202636. Suppose you bet $25.00 on the number 23 where the payoff is 35 to 1. What is your expected gain or expected loss? Note: In roulette your money is not taken unless you lose&gt; 2)\u00a0\u00a0\u00a0 A truck has a shipment of 300 I-phones. If there are 7 defective I-phones on the truck, what is the probability of picking 10\u00a0 I-phones at random and getting 1 defective I-phone? 3)\u00a0\u00a0\u00a0 In a reverse raffle conducted to benefit a local charity, 100 tickets are sold <a href=\"https:\/\/assignmenttask.com\/answers\/what-is-your-expected-gain-or-expected-loss\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[200],"tags":[204,205],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/740"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=740"}],"version-history":[{"count":1,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/740\/revisions"}],"predecessor-version":[{"id":741,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/740\/revisions\/741"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}