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On a game show, a secret 4-digit number is formed using the digits 1, 2, 3 and 4, with repetition permitted. The contestant's winnings for each number of correct matches of individual digits is shown. $1000 for one match $2000 for two matches $5000 for three matches $10 000 for four matches How much should the contestant wager of his previous winnings in order to double his money, on average?

On a game show, a secret 4-digit number is formed using the digits 1, 2, 3 and 4, with repetition permitted. The contestant's winnings for each number of correct matches of individual digits is shown. $1000 for one match $2000 for two matches $5000 for three matches $10 000 for four matches How much should the contestant wager of his previous winnings in order to double his money, on average?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 10PTTS
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On a game show, a secret 4-digit number is formed using the digits 1, 2, 3 and 4, with repetition permitted. The contestant's winnings for each number of correct matches of individual digits is shown. $1000 for one match $2000 for two matches $5000 for three matches $10 000 for four matches How much should the contestant wager of his previous winnings in order to double his money, on average?
Transcribed Image Text:On a game show, a secret 4-digit number is formed using the digits 1, 2, 3 and 4, with repetition permitted. The contestant's winnings for each number of correct matches of individual digits is shown. $1000 for one match $2000 for two matches $5000 for three matches $10 000 for four matches How much should the contestant wager of his previous winnings in order to double his money, on average?
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