Answer:
Is is Infinitely many solutions so 0=0
Step-by-step explanation:
First we have to rearrange/simplify the equations:Equation 1: 4y - 3x = -20
Equation (2): y - 3x/4 = -5
Then you remove the fractions by multiplication:Multiply equation (2) by 4
The Equations now look like this:Equation 1: 4y - 3x = -20
Equation (2): 4y - 3x = -20
Solve for y on Equation (2):y = 3x/4 - 5
Then plug in this for the y in Equation 1 and then solve:4•(3x/4-5) - 3x = -20
Therefore the answer leads to:
Infinitely many solutions, 0=0
Hope this helped :')
Bryce has 220 feet of fencing that will enclose a rectangular corral. One side of the corral will be 48 feet long. What will be the area of the corral?
Answer:
The area of the corral is 2976 ft²
Step-by-step explanation:
Here, we have the perimeter of the rectangle given as 220 ft
Therefore, since in a rectangle, we have 2 sides of the four sides equal, that is;
Perimeter = 2×One side + 2×Other side
or Perimeter = 2×X + 2×Y
Here perimeter = 220 ft = 2×X + 2×Y
As one of the sides is 48 ft, we have;
220 ft = 2 × 48 + 2×Y
Therefore, 2×Y = 220 ft - 2×48 ft = 124 ft
∴ Y = 124 ft ÷ 2 = 62 ft
The area of the corral = Area of rectangle = Length × Width = 62 ft × 48 ft
Area of the corral = 2976 ft².
Player a led a. Baseball league and runs battle ends for the 2008 regular season. Player b, Who came in second two player a, had 14 Fewer runs battled in for the 2008 regular season. Together these two players brought home 222 runs during the 2008 regular season. How many runs battled in did player a and b each account for?
A=Player A runs; B=Player B runs=A-16
A+B=242 Substitute for B.
A+A-16=242 Add 16 to each side.
2A=258 Divide each side by 2.
A=129 ANSWER 1: Player A batted in 129 runs.
B=A-16=129-16=113 ANSWER 2: Player B batted in 113 runs
CHECK:
A+B=242
129+113=242
242=242
Final answer:
Player A batted in 118 runs and Player B batted in 104 runs during the 2008 regular season. We found this by setting up two equations based on the given information and solving for the variables representing the number of runs batted in by each player.
Explanation:
To solve this problem, let's use two variables, A for the number of runs batted in by Player A, and B for the number of runs batted in by Player B. We know that Player A led the league, and Player B had 14 fewer runs batted in, so we can write the following equation:
B = A - 14
We also know that together they brought in 222 runs, so we can write another equation:
A + B = 222
Substituting the first equation into the second gives us:
A + (A - 14) = 222
Simplifying this equation, we get:
2A - 14 = 222
2A = 236
A = 118
Using the value of A, we can find B:
B = 118 - 14
B = 104
Therefore, Player A batted in 118 runs and Player B batted in 104 runs during the 2008 regular season.
The line plot shows the number of runners on a track team who won at least one gold medal.
A line plot titled Gold Medals earned by the track team. 3 had 1 medal, 1 had 2 medals, 4 had 3 medals, 0 had 4 medals, 2 had 5 medals.
Use the plot to answer the questions.
How many runners won exactly 2 gold medals?
How many gold medals did the most runners win?
How many total runners are represented?
Answer:
1,3,10
Step-by-step explanation:
I got it wright on the test.
Answer:
1
3
10
Step-by-step explanation:
edu 2020
Brianna and Ava go to the movie theater and purchase refreshments for their friends Brianna Spenzo total of $39 and two bags of popcorn and two drinks ever spent a total of $174.50 on a bag of popcorn and 10 drinks write a system of equations that can be used to find the price of one bag of popcorn in the price of one drink using these equations determine and state the price of a drink to the nearest center Brianna and Ava go to the movie theater and purchase refreshments for their friends Brianna Spenzo total of $39 and two bags of popcorn and two drinks ever spent a total of $174.50 on a bag of popcorn and 10 drinks write a system of equations that can be used to find the price of one bag of popcorn in the price of one drink using these equations determine and state the price of a drink to the nearest cent
Answer:
3 m + 4 n = $24.25
9 m + n = $37.00 are the required set of equations.
The cost of 1 cold drink = $3.75
The cost of 1 pop corn bag = $3.25
Step-by-step explanation:
Let us assume the cost of 1 drink = $ m
And the cost of 1 bag of popcorn = $ n
Now, Brianna buys 3 drinks + 4 bag popcorn for $24.25
⇒ Cost of 3 drinks + 4 bag popcorn = $ 24.25
or, 3 ( Cost of 1 drink) + 4 ( Cost of i bag popcorn) = $ 24.25
⇒ 3 m + 4 n = $24.25 ... (1)
Also, Chloe buys 9 drinks + 1 bag popcorn for $37.00
⇒ Cost of 9 drinks + 1 bag popcorn = $37.00
or, 9 ( Cost of 1 drink) + 1 ( Cost of 1 bag popcorn) = $37.00
⇒ 9 m + n = $37.00 ... (2)
Now, solving equation (1) and (2) ,we get:
3 m + 4 n = $24.25
9 m + n = $37.00 ⇒ n = 37 - 9 m
Substitute the value of n in the equation (1),we get:
3 m + 4 n = $24.25 ⇒ 3 m + 4 ( 37 - 9 m ) = 24.25
or, 3 m + 148 - 36 m = 24.25
or, -33 m = -123.75
or, m = 123.75/33 = 3.75, or m = 3.75
Now, n = 37 - 9 m = 37 - 9(3.75) = 3.25, or n = 3.25
Hence the cost of 1 cold drink = m = $3.75
And the cost of 1 pop corn bag = n = $3.25
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Step-by-step explanation:
The population had decreased 300 resident over the past 5 years. The same number of residents left each year.
Answer:
60
Step-by-step explanation:
Given g(x)=5x+5,solve for x when g(x)=0
Final answer:
To solve for x when g(x) = 0 for the function g(x) = 5x + 5, subtract 5 from both sides and then divide by 5, resulting in x = -1.
Explanation:
To solve the equation g(x) = 5x + 5 when g(x) = 0, you need to find the value of x that makes the equation true.
Set up the equation: 5x + 5 = 0.
Subtract 5 from both sides: 5x = -5.
Divide both sides by 5 to solve for x: x = -5 / 5.
Thus, x = -1.
Therefore, the solution for x when g(x) = 0 is x = -1.
What are the rectangular coordinates of the polar coordinates [tex](2\sqrt{2} ,-\frac{\pi }{12} )[/tex]
Enter your answer in the box. Enter values rounded to the nearest hundredth.
Answer: Given:
(r, θ) is equivalent to (x, y) = (7, 5).
By definition,
r = √(7² + 5²) = 8.6023
θ = tan⁻¹ (7/5) = 0.9505 rad
Therefore
2r = 17.2047
θ + π/2 = 0.9505 + π/2 = 2.5213
In rectangular coordinates,
x = 2r cos(θ + π/2) = 17.2047*cos(2.5213) = -14
y = 2r sin(θ + π/2) = 17.2047*sin(2.5213) = 10
Answer: (-14, 10)
The rectangular coordinates of the polar coordinates (2√2, -π/12) are (-14,10).
What are polar coordinates?The polar coordinate system is a two-dimensional coordinate system in mathematics in which points are defined by an angle and a distance from a central point known as the pole (equivalent to the origin in the more familiar Cartesian coordinate system).
We know polar coordinates are in the form (r, θ).
Also, (r, θ) = (x, y) = (7, 5).
So, r = √(7² + 5²)
r = 8.6023
and, θ = tan⁻¹ (7/5)
θ = 0.9505 rad
Now, 2r = 17.2047
and, θ + π/2 = 0.9505 + π/2 = 2.5213
Thus, the rectangular coordinates are
x = 2r cos(θ + π/2)
x = 17.2047 . cos(2.5213)
x = -14
and, y = 2r sin(θ + π/2)
y = 17.2047 . sin(2.5213)
y = 10
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Caleb went into a cave.
The light intensity (in candela per square meter, or \text{cd/sq. m}cd/sq. mstart text, c, d, slash, s, q, point, space, m, end text) as a function of depth inside the cave (in \text{m}mstart text, m, end text) is graphed.
What is the approximate average rate at which the light intensity decreases, as Caleb goes from a depth of 5\text{ m}5 m5, start text, space, m, end text to a depth of 14\text{ m}14 m14, start text, space, m, end text?
graph
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
330\text{ cd/sq. m}330 cd/sq. m330, start text, space, c, d, slash, s, q, point, space, m, end text per \text{m}mstart text, m, end text
(Choice B)
B
360\text{ cd/sq. m}360 cd/sq. m360, start text, space, c, d, slash, s, q, point, space, m, end text per \text{m}mstart text, m, end text
(Choice C)
C
390\text{ cd/sq. m}390 cd/sq. m390, start text, space, c, d, slash, s, q, point, space, m, end text per \text{m}mstart text, m, end text
(Choice D)
D
Answer:
A) 330 cd/sq. M per m
Step-by-step explanation:
To find the average rate at which the light intensity decreases as Caleb goes from a depth of 5m to a depth of 14m inside the cave, we need to calculate the change in light intensity and divide it by the change in depth.
Explanation:To find the average rate at which the light intensity decreases as Caleb goes from a depth of 5m to a depth of 14m, we need to calculate the change in light intensity and divide it by the change in depth.
Let's denote the initial light intensity at 5m as I1 and the final light intensity at 14m as I2. Using the graph, we can estimate the values of I1 and I2.
Then, the average rate of decrease in light intensity is given by:
Average rate = (I2 - I1) / (14m - 5m)
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Please help!
Simplify 2([tex]\sqrt{5x^{3} } )^{2} +16[/tex]
show all work please!
Answer:
10x^3+16
Step-by-step explanation:
Can somebody tell me how to solve these kind of problems?
A certain forest covers an area of 1700km^2. Suppose that each year this area decreases by 5.75%. What will the area be after 8 years?
Answer: 918km^2
Step-by-step explanation:
[tex]area(a): 1700km^2\\percentage(p): 5.75 = \frac{5.75}{100}=0.0575\\years(y): 8[/tex]
Let x be the new dimension of the area;
[tex]x=a-(a*p*y)[/tex]
[tex]x=(1700km^2)-(1700km^2*0.0575*8)\\x=1700km^2-782km^2\\x=918km^2[/tex]
The normal monthly precipitation (in inches) for August is listed for 20 different U.S. cities. Find the mean of the data. 3.5 1.6 2.4 3.7 4.1 3.9 1.0 3.6 4.2 3.4 3.7 2.2 1.5 4.2 3.4 2.7 0.4 3.7 2.0 3.6 Group of answer choices 2.94 in. 2.80 in. 3.09 in. 3.27 in.
The mean of the normal monthly precipitation for August in these 20 U.S. cities is obtained by adding all precipitation values and dividing by the total number of values, which gives a mean of 3.09 inches.
Explanation:To find the mean of the data, we sum all the values and then divide by the number of values. After adding all the given 20 precipitation values, the total sum comes out to be 61.8 inches. So the mean of the data will be 61.8/20 = 3.09 inches. Therefore, the mean normal monthly precipitation for August in these 20 U.S. cities is 3.09 inches.
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Area of circle if it’s radius is 9 yards
Step-by-step explanation:
Given
Radius (r) = 9 yards
Area of circle
= πr²
= 3.14 * 9²
= 3.14 * 81
= 254.34 yards²
What number would you add to both sides of x2 + 7x = 4 to complete the square? 22 72 StartFraction 7 squared Over 2 EndFraction (StartFraction 7 Over 2 EndFraction) squared
Answer:
D on e2020
Step-by-step explanation:
got it right
Answer:
D. (StartFraction 7 Over 2 EndFraction) squared
Step-by-step explanation:
The table shows the number of wins of two high school softball teams over the past ten years. Which statement BEST compares the
mean absolute deviation (MAD) of the two sets of data?
Answer:
the answer is D
Step-by-step explanation:
D) Westfield's data shows greater variability, since Westfield's MAD is approximately 2.9 times greater than Eastfield's MAD.
Answer:
D) Westfield's data shows greater variability, since Westfield's MAD is approximately 2.9 times greater than Eastfield's MAD.
Step-by-step explanation:
Westfield's data shows greater variability, since Westfield's MAD is approximately 2.9 times greater than Eastfield's MAD.
Westfield's MAD = 6.56
Eastfield's MAD = 2.28
Therefore,
6.56
2.28
= 2.877
MAD =
∑|x − X|
n
, where x = Data value, X = Mean, and n = Number of values
T.J. is hosting a dinner party. T.J. greets the first guest and they shake hands. The second guest arrives and shakes hands with T.J. and the first guest. The third guest arrives and shakes hands with T.J., the first guest, and the second guest. This pattern continues. How many handshakes have taken place after the ninth guest arrives?
Answer:
45 Handshakes
Step-by-step explanation:
45 Handshakes have taken place all together
Answer:
45
Step-by-step explanation:
Help me pls I don’t know how to do this I’ll give brainliest pls help
Answer:
3/2
Step-by-step explanation:
First, you find the mean (((4 + 5 + 6 + 1)/4) = 4)
Find the absolute difference between each data value and the mean: 0, 1, 2, 3
Add the differences (in the previous step) and divide by number of terms: (0+1+2+3)/4 = 6/4 = 3/2
The common ratio in a geometric series is 0.5 and the first term is 256. Find the sum of the first 6 terms in the series
Answer:
The sum of the first 6 terms of the series is 504.
Step-by-step explanation:
Given that,
Common ratio in a geometric series is, r = 0.5
First term of the series, a = 256
We need to find the sum of the first 6 terms in the series. If a and r area the first term and common ratio of a series, then the series becomes:
[tex]a,ar^1,ar^2,ar^3......[/tex]
The sum of n terms of a GP is given by :
[tex]S_n=\dfrac{a(1-r^n)}{1-r}[/tex]
Here, n = 6
[tex]S_n=\dfrac{256\times (1-(0.5)^6)}{1-0.5}\\\\S_n=504[/tex]
So, the sum of the first 6 terms of the series is 504.
Your family room has a sliding-glass door. You want to buy an awning for the door that will be just long enough to keep the Sun out when it is at its highest point in the sky. The angle of elevation of the rays of the Sun at this point is 70 $\degree$ , and the height of the door is 8 feet. Your sister claims you can determine how far the overhang should extend by multiplying 8 by tan 70 $\degree$
Answer: Your sister is not correct. You can determine how far the overhang should extend by dividing 8 by [tex]tan(70\°)[/tex]
Step-by-step explanation:
The complete exercise is attached.
Observe the picture attached. You can identify that the angle A and the angle B are congruent (which means that they have equal measure).
Let be "CB" is the length in feet that the overhang should be in order to keep the Sun out when it is at its highest point in the sky.
You need to use the following Trigonometric Identity:
[tex]tan\alpha =\frac{opposite}{adjacent}[/tex]
You can notice that, in this case:
[tex]\alpha =70\°\\\\opposite=8\ ft\\\\adjacent=CB[/tex]
Knowing these values you can substitute them into [tex]tan\alpha =\frac{opposite}{adjacent}[/tex] and then solve for "CB" in orde to find its value.
You get:
[tex]tan(70\°)=\frac{8}{CB}\\\\CB*tan(70\°)=8\\\\CB=\frac{8}{tan(70\°)}\\\\CB=2.91[/tex]
Therefore, your sisteter is not correct.
Answer:
Your sister is not correct. You can determine how far the overhang should extend by dividing 8.
Step-by-step explanation:
You can determine how far the overhang should extend by dividing
Observe the picture attached. You can identify that the angle A and the angle B are congruent (which means that they have equal measure).
Let be "CB" is the length in feet that the overhang should be in order to keep the Sun out when it is at its highest point in the sky.
You need to use the following Trigonometric Identity:
You can notice that, in this case:
Knowing these values you can substitute them into and then solve for "CB" in orde to find its value.
Therefore, your sisteter is not correct.
These 2 answers highlighted tell me i'm 75% correct. What is the other answer(s)
Answer:
add the third choice, "the average rate of change for the function is 1"
Step-by-step explanation:
The population of a particular country was 23 million in 1982; in 1995, it was 33 million. Theexponential growth function A =23ekt describes the population of this country t years after 1982.Use the fact that 13 years after 1982 the population increased by 10 million to find k to threedecimal places.
Answer:
The value of k is 0.448.
Step-by-step explanation:
Given the exponential growth function is
[tex]A=23e^{kt}[/tex]
A= The population of the country
k= growth rate.
The population of the country increased by 10 million in 13 years after 1982.
Then the population is =(23+13)million = 36 million.
Here,
A= 36 million, t= 13
[tex]A=23e^{kt}[/tex]
[tex]\Rightarrow 36=23e^{13k}[/tex]
[tex]\Rightarrow e^{13k}=\frac{36}{23}[/tex]
Taking ln function both sides
[tex]\Rightarrow ln|e^{13k}|=ln|\frac{36}{23}|[/tex]
[tex]\Rightarrow {13k}=ln|\frac{36}{23}|[/tex]
[tex]\Rightarrow {k}=\frac{ln|\frac{36}{23}|}{13}[/tex]
[tex]\Rightarrow k=0.448[/tex]
The value of k is 0.448.
The back of Jake's property is a creek. Jake would like to enclose a rectangular area, using the creek as one side and fencing for the other three sides, to create a corral. If there is 10001000 feet of fencing available, what is the maximum possible area of the corral?
Answer:
125000 square feet
Step-by-step explanation:
Since there are only three sides of the rectangle, the perimeter of the fence is:
Let x and y be the sides of the rectangle, we are left with:
2 * x + y = 1000
solving for and:
y = 1000 - 2 * x
The area of the corral is:
A = x * y
replacing
A = x * (1000 - 2*x)
A = 1000 * x - 2*x^2
to find the maximum for the parabolic function A = 1000 * x - 2*x^2
The function has a maximum since the quotient before x ^ 2 is negative: -2 <0
Amax = c - b^2 /4*a
where a = -2, b = 1000, c = 0
A max = 0 - 1000^2/(4 * (- 2))
A max = 125000 ft^2
The maximum possible area of the pen is 125000 square feet.
Final answer:
125,000 square feet,
Explanation:
Let us denote the length of the rectangular area parallel to the creek as L and the width of the area as W. Given that the total amount of fencing available is 1000 feet, we can express the perimeter that Jake can fence as 2W + L = 1000 feet, since the creek forms one of the longer sides of the rectangle, and no fencing is required there.
The area A of the rectangle is given by the product of its length and width, i.e., A = L × W. Our goal is to maximize A. From the perimeter equation 2W + L = 1000, we can express L as L = 1000 - 2W.
Substituting this into the area formula, we get A = W * (1000 - 2W). This is a quadratic function and can be written as
A = -2W^2 + 1000W, which is a parabola opening downwards. The maximum value of this function can be found by completing the square or by using the vertex form of a parabola.
The vertex of the parabola, which gives the maximum area, occurs at W = -b/(2a), with 'a' being the coefficient of
W^2 (-2 in this case) and 'b' the coefficient of W (1000 in this case). Plugging these values in, we find that
W = -1000 / (2 * -2) = 250.
Therefore, the width that gives the maximum area is 250 feet. Substituting W back into the perimeter formula, we get
L = 1000 - 2*250 = 500 feet.
So, the dimensions for the maximum area are 500 feet by 250 feet, and the maximum area is A = 500 * 250 = 125,000 square feet.
Steve sold 36 fruit baskets for a school fundraiser. Evie sold 25% of the number of baskets that Steve sold. How many fruit baskets did Evie sell? Enter the number in the box.
Answer:
9 fruit baskets.
Step-by-step explanation:
Given:
Steve sold 36 fruit baskets for a school fundraiser.
Evie sold 25% of the number of baskets that Steve sold.
Question asked:
How many fruit baskets did Evie sell?
Solution:
As given that Evie sold 25% of the number of baskets that Steve sold.
Number of baskets sold by Evie = 25% of 36
[tex]=\frac{25}{100}\times36\\\\ =\frac{900}{100}\\ \\=9[/tex]
Thus, 9 fruit baskets sold by Evie.
What is the length of a diagonal of a cube with a side length of 3 cm?
Answer:
27
Step-by-step explanation:
StartRoot 27 EndRoot cm
in playing Monopoly rolling doubles three times in a row since you to jail what is the probability of rolling three consecutive doubles
Answer:
I'd say 2/3
Step-by-step explanation:
I play a lot of Monopoly
Answer:
1 in 216
Step-by-step explanation:
the chance of rolling doubles once is 1/6 if you go through all possible outcomes, and six to the power of 3 (the amount of consecutive doubles desired) is 216
Pls help I will give u brainliest
Answer:
your expression is (10x+15)+11x
Step-by-step explanation:
let the missing number be X
(10x+15)+11x
In March, April, and June it rained 2 inches. In February, May, and September it rained 1 inch. In August and October, it rained 3 inches. And in January it only rained 4 inches. Which line plot represents the data?
Answer:
D
Step-by-step explanation:
Hope this Helps :D
Answer:
D
Step-by-step explanation:
If the coefficient of determination is a positive value, then the regression equationa.must have a positive slopeb.must have a negative slopec.could have either a positive or a negative sloped.must have a positive y intercept
Answer:
The correct answer is must have a positive slope.
Step-by-step explanation:
The coefficient of determination varies between -1 to 1. It shows the how strong is the relationship between two variables.
Coefficient closer to -1 indicate negative relationship and that y decreases with increase in x and the regression equation has a negative slope.
Coefficient closer to 1 indicate positive relationship and that y increases with increase in x and the regression equation has a positive slope.
Coefficient closer to 0 indicate that there is no possible relationship between the variables under consideration. It is not possible to construct a particular regression equation.
Solve the equation by factoring. (enter your answers as a comma-separated list. let k be any integer. round terms to three decimal places where appropriate. if there is no solution, enter no solution.) csc(θ) cot(θ) − sin(θ) tan(θ) = cos(θ)
Final answer:
To solve the equation by factoring, we factor out common terms from both sides of the equation and set each factor equal to zero. We consider the factors separately and solve for θ to find the solutions.
Explanation:
To solve the given equation, we need to factorize the trigonometric terms. Let's start by factoring out the common factor of sin(θ) cot(θ) from the left side of the equation:
csc(θ) cot(θ) − sin(θ) tan(θ) = cos(θ)
sin(θ) cot(θ)(csc(θ) − tan(θ)) = cos(θ)
Now we have a product of two factors equal to zero, so we can set each factor equal to zero and solve for θ:
sin(θ) cot(θ) = 0
csc(θ) − tan(θ) = cos(θ)
To find the solutions for sin(θ) cot(θ) = 0, we can consider the factors separately:
sin(θ) = 0 or cot(θ) = 0
For sin(θ) = 0, the solutions are θ = kπ, where k is an integer.
For cot(θ) = 0, we can rewrite it as cos(θ)/sin(θ) = 0, which means cos(θ) = 0 and sin(θ) ≠ 0. The solutions for cos(θ) = 0 are θ = (2k + 1)π/2, where k is an integer.
Now let's solve csc(θ) − tan(θ) = cos(θ):
csc(θ) − (sin(θ)/cos(θ)) = cos(θ)
(1/sin(θ)) − (sin(θ)/cos(θ)) = cos(θ)
Using a common denominator, we can combine the fractions:
(cos(θ) − sin(θ))/sin(θ) = cos(θ)
Now we have a fraction equal to a constant. This can only be true if the numerator is zero:
cos(θ) − sin(θ) = 0
Using the identity cos(θ) − sin(θ) = −√2 sin(θ + π/4), we can rewrite the equation as:
−√2 sin(θ + π/4) = 0
Solving for sin(θ + π/4) = 0, we get θ + π/4 = kπ, where k is an integer.
Therefore, the solutions to the equation csc(θ) cot(θ) − sin(θ) tan(θ) = cos(θ) are:
θ = kπ (for sin(θ) cot(θ) = 0)
θ = (2k + 1)π/2 (for csc(θ) − tan(θ) = cos(θ))
A(n)=-6+3(n-1). Find the 16th term in the sequence
Answer:
16th term = 39.
Step-by-step explanation:
Plug 16 into the formula -6 + 3(n - 1):
A(16) = -6 + 3(16-1)
= - 6 + 3*15
= -6 + 45
= 39.
Answer:
Step-by-step explanation:
A "mathematically fair bet" is one in which a gambler bets, say, $100 for a 10 percent chance to win $1,000 ($100 = 0.10 × $1,000). Assuming diminishing marginal utility of dollars, this is not a fair bet in terms of utility because
Answer: the winnings are reduced
Step-by-step explanation:
Given 10 percent chance to win $1,000 for $100. That is
Gain = $900
Assuming diminishing marginal utility of dollars, when the utility of the gain and the money used for bet are considered, it is discovered that the utility of the $100 used to make the bet is greater than the $900 that you might gain if you win the bet.
this is not a fair bet in terms of utility because the winnings are reduced.
A mathematically fair bet does not account for the diminishing marginal utility of money. The expected utility calculated with a utility function might show a different picture, revealing the bet might not be fair in terms of utility. Samuelson's story illustrates statistical independence and that repeated gambles with positive expectations lead to better outcomes.
A "mathematically fair bet" is one where the expected value of the bet is equal to the cost of making the bet. In other words, if you bet $100 for a 10 percent chance to win $1,000, the mathematically calculated expectation would be $100, or 0.10 times $1,000. However, the concept of diminishing marginal utility suggests that the utility or satisfaction derived from each additional dollar decreases as one has more money. Thus, the utility of the potential win cannot simply be calculated by multiplying the probabilities by the monetary outcome.
Under the concept of expected utility, the expected utility of a bet should also be considered. To calculate this, one might use a utility function, like the von Neumann-Morgenstern utility function, to determine the utility of each possible outcome and then finding the average utility. For example, let's assume that the utility function is represented by the square root of the dollar amount (this is just an example, utility functions can take many forms). Hence, the expected utility of winning $1,000 would be the square root of $1,000, not just $1,000.
Paul Samuelson's story illustrates the idea of statistical independence and the law of large numbers, where repeated play of a gamble with positive expectation can lead to more stable and predictable results, as opposed to a single high-risk gamble. This idea reflects human behavior and the role of hope in encouraging smart risk-taking, even when each individual bet may not be favorable in terms of utility.