It's from Dublin to San Juan
The departure is scheduled for Friday at 1:30 PM (Dublin Time) ==> Time in San Juan is 9:30 (-4 Hours)
Travel duration is 16 Hrs (Dublin arrives on Saturday at 6:30PM) and reaching San Juan on Saturday at 9:30 +16;30 means it's 2 AM (26-24)
The expected value is calculated by subtracting the expected cost from the anticipated income.
The expected cost is fixed at $5.
The anticipated income arises from the probability associated with each outcome multiplied by its respective reward.
=> For the first prize: probability * prize = (1 / 100) * $ 100 = $1
=> For the second prize: probability * prize = (5 / 100) * $20 = $1
Thus, the expected value comes out to $1 + $1 - $5
This gives us an expected value of - $3
Final answer: - $ 3
To find the unit price you divide the total cost of the bag by the amount of pounds in the bag.
Thus, the unit price of Kitty Kibbles is 24/16, or 1.5. This means that each pound of Kitty Kibbles costs $1.50.
Also, the unit price of Feline Flavor is 11.20/8, or 1.4. This means that each pound of Feline Flavor costs $1.40
Feline Flavor is cheaper per pound than Kitty Kibbles (or Kitty Kibbles is more expensive than Feline Flavor per pound).
