Questions and answers by

DianeC

Answers (1)

expected payout E[x] = 30,000(0.01191 + 0.01292 + 0.01396 + 0.01503 + 0.01613) = $2,098.50 => $2,099 charge needed for $900 profit = $(2099 + 900) = $2999

Ask a New Question