Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Steph
Question on calculating expected value?
Win $500 per week for life lottery.
A) What is the expected value of playing assuming you live 60 more years and there are 52 weeks in every year?
B) The cost of playing is $1. If your utility is U= V+Y where V= entertainment value in dollars how much V do you need to receive with certainty in order to play?
C) Consider a different structure where you pay $1 and the payout is $250 with odds of winning equal to 1 and 323. Also U = V+Y ^0.85 What is the minimum entertainment value?
Lottery odds table:
Payout (in $): Odds
1 1 and 10
2 1 and 15.15
4 1 and 62.5
5 1 and 125
10 1 and 100
20 1 and 166.67
40 1 and 2100
100 1 and 50400
250 1 and 126000
500/week 1 and 7938000
1 AnswerEconomics9 years agoConsider the titration of a 36.0mL sample of 0.175M HBr with 0.200M KOH. Determine each of the following:?
The pH after 10.5mL of base is added and the pH after adding 5mL of base beyond the equivalence point. I don't understand how to do the math if anyone can explain it that would be great! Thank you!
2 AnswersChemistry9 years agoHow do I start selling on eBay?
I have a bunch of items that I would like to sell on eBay and I've never done it before. Does anyone have tips on how to get started? How does the buyer pays shipping work? Thank you very much!!!
3 AnswersPersonal Finance9 years agoCalculate the [H3O] of the following polyprotic acid solution: 0.140M H3C6H5O7?
Can anyone explain how to do this and show the math? I keep getting wrong answers and I'm not sure I'm doing the problem right.
1 AnswerChemistry9 years agoRetirement account as a college student?
I was wondering if it would be a good idea for me to open a retirement account to let the money grow while I am in school?
6 AnswersPersonal Finance1 decade agoHalloween Costume Freshman in highschool)?
I need a costume that is a reasonable price, NOT sleazy, or suggestive. I am a big Harry Potter fan, and a classic rock music fan. (Like AC/DC, Aerosmith, etc.)
Thanks for putting up with my pickyness.
3 AnswersFashion & Accessories1 decade agoRunning help??
Does anybody have advice for training for the indoor track season?
1 AnswerRunning1 decade agoHow many career home runs does David Ortiz have?
I wanted to know how many to compare him to other players.
2 AnswersBaseball1 decade ago