Answered You can hire a professional tutor to get the answer.

QUESTION

What should the jackpot be so that the casino make a profit?

???

What value would the jackpot have to be, for the casino to have an expected profit of exactly thirty cents for each time a person plays the slot machine?

Hint: Let the amount of the jackpot be "x", do the steps to find the expected value by hand ( you can look up how to do this), and set it equal to what you want the expected value to be, and solve for x.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question