Section PC.3 – Expected Value Practice Problems Solutions

Section PC.3 Solutions to the Practice Problems

1.

a. True
b. False
c. False
d. True
e. True
f. False
g. True

2.

a. False
b. True
c. True
d. False
e. False
f. True
g. True

3. -$0.19

4. $0.03

5. -$0.17; No

6. $45.55

7. $40.50

8. $22.00

9. -$0.25

10.

a. -$1.66
b. -$9.96
c. $1.66
d. $481.40

11. -$0.25

12. $3,050; Yes

13. -$0.64

14. $2.15

15. -$1.03

16. D

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College Mathematics - MAT14X - 3rd Edition Copyright © by Adam Avilez; Shelley Ceinaturaga; and Terri D. Levine is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.