The total amount that Chang will received from his wages is the product of his hourly wage times the number of hours he has worked (n). His total savings should not be less than $125. The equation that best describes the situation is,
45 + 7n ≥ 125
Solving for n in the inequality gives an answer of n≥11.42 hours. Thus, he needs to work for at least 12 hours.
Answer:
infinity
Step-by-step explanation:
a) the expected value of this gamble in dollars is Infinity
i.e
expected value = 
= 
b)
When offered, most people say they would pay only less than $10 to play this game.
What are two reasons why people are willing to pay so much less than the expected value?
These people are ready to pay less than $10 to play this game due to the fact that people usually overlook the unlikely event when making decisions. In a bid to that logic, they gamble in order to double their amount of money and the probability that heads may never come is ignored by these people and they may hope for a likely event i.e a head every time they play the game.
Also, the expected value is so humongous that if and only if that the first head appears after a long series of tails which is very less certain to occur, because mostly people would think that on an average the length of a series of tails ( or heads) is somewhat near 10 or so, but definitely infinity.
Answer:
14 nickels
7 dimes
Step-by-step explanation:
1. find out how many dimes there has to be to get $1.40
1 dime= .10
1.40/.10=14 dimes
14/2=7
so there are 7 dimes
since a nickel is half the amount of a dime there will be twice as many to make up the other half which is $0.70
.70/.05=14
there are 14 nickels
proof:
$0.10(7)+$0.05(14)= $1.40
hope this helps!