College Algebra 7th Edition

Published by Brooks Cole
ISBN 10: 1305115546
ISBN 13: 978-1-30511-554-5

Chapter 9, Counting and Probability - Section 9.4 - Expected Value - 9.4 Exercises - Page 680: 16

Answer

$\$0$

Work Step by Step

Since there are $6$ digits on the lock, there are $10^{6} = 1,000,000$ different combinations which can be guessed. The probability of any guess matching the actual combination is therefore $\frac{1}{1,000,000}$. $1,000,000\times\dfrac{1}{1,000,000} - 1= 0$ The dollar is taken away as it is paid to guess the combination on the lock. Therefore the expected outcome is $\$0$.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.