1. A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $5 each. You decided to buy one ticket. Outome Profit (x) a. Fill in the table (add or delete rows if necessary) Answer: b. Find the expectation if a person buys one ticket. P(x) c. Is it a fair game? Explain. Is it a fair game? Explanation: x P(x)

Q: The is the belief that a string of losses in the past will be compensated by wins in the future.…

A: (a) Winning wager is all about winning something risked on an uncertain event. Here we cannot…

Q: R: See the script file gamblersruin.R. A gambler starts with a $60 initial stake (a) The gambler…

A: The probability of getting a fortune of N with initial stake i is given by:…

Q: Decide whether or not the two events in question are independent or whether it is not possible to…

A: Consider two events, A and B. Independent Events: The events A and B are said to be independent, if…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: At a local fair, a raffle is being held. There were 1,067 tickets were sold for $10 each. There is…

A:

Q: The local team is competing for the league championship. The house odds Las Vegas gives them are (a)…

A: The odds in favor of event A is P(A)/(1 - P(A)).

Q: A. Are events A and B mutually​ exclusive? Explain your answer. A. ​No; P(A) is not equal to​ P(B).…

A: From the provided information, the known values are: PA=13;PB=14;PA or B=12 Mutually Exclusive…

Q: b. Find the probability that a randomly selected acre in the forest has fewer than 43,985 ants. c.…

A:

Q: What will be the probability of losing a game if the winning probability is 0.4533? (just put the…

A: Probability: Probability is a chance factor that occurs at every outcome of a random experiment.…

Q: A "friend" offers you the following "deal". For a $10 fee, you may pick an envelope From a box…

A: Given- A "friend" offers you the following "deal". For a $10 fee, you may pick an envelope from a…

Q: You roll two dice. Find: P(the sum is 7 | neither die came up 6). Express your answer as a decimal,…

A: The experiment is rolled two dice. The event A is the sum is 7 The event B is neither die came up 6…

Q: We are learning to use the formula: P(A or B)=P(A)+P(B)-P(A and B)   Now, the question is: Using…

A: Given data in the question;   A            B         C D Order Accurate             330 267…

Q: Illustration 16.72. A bag contains 4 rupee, 10 one paise, 6 fifty paise coins and 3 twenty-five…

A:

Q: Evaluation: Rolling a pair of dice and getting the sum of an even number. Use the table in finding…

A:

Q: You have 8 ruppees to gamble with your best friend, with capital of 5 Ruppees. The probability of…

A:

Q: b. What are the odds of EITHER getting a number over 600 OR under 600? (check one) 0%

A: Odds:             It is the ratio of the probability that the event will occur to the probability…

Q: Decide whether the following statement makes sense (or is clearly true) or does not make sense (or…

A: In this context, a negative expected value implies that, averaged over many tickets, you should…

Q: If P(A and B) P(A) . P(B) then A and E %3D are

A: The probability of A and B means that the probability of two events at the same time

Q: In the game of roulette, a wheel consists of 38 slots numbered 0, 00, 1. 2. 36. To play the game, a…

A: From the part (b) we have Where  is the mean of the individual game outcomes,  is the standard…

Q: (a) n = 5, X1 = 1. X,= 2, X3= 2, P1= 0.1, p,= 0.2. p3 = 0.7 The probability for the given…

A:

Q: There are nine horses in the Kentucky Derby. a. To make a trifecta bet, you need the top 3 finishers…

A: There are nine horses in the Kentucky Derby.

Q: Tina plays college soccer. She makes a goal on 63 % of her attempts. On her next game she will…

A: From the provided information,

Q: Problem: In a typical lotto game, a player selects 6 numbers from a pool of 49. What is the…

A: In a typical lotto game, a player selects 6 numbers from a pool of 49. Here we will use…

Q: You are playing a game where you flip 3 coins, if you get all tails you lose $15, for er heads you…

A: Given: 3 coins are flipped If you get all tails you lose $15, for each heads you get $3.

Q: A jar contains 4 red balls and 8 blue balls. Three balls are.drawn without replacement from this…

A:

Q: 3.) CHALLENGE: You discover a piece of art that you believe may be an original de Kooning, with 10%…

A: The expected price of the art piece is $17.2mm   Expectation of a random variable is sum of the…

Q: In gambling, the chances of winning are often written in terms of odds rather than probabilities.…

A: Answer:- Given , A card is picked at random from a standard deck of 52 playing cards.  We know that,…

Q: Find the probability by referring to the tree diagram. P(C) P(C)= (Simplify your answer.) Start 619…

A: The given probability tree diagram is:

Q: Decide whether or not the two events in question are independent or whether it is not possible to…

A: Independent Events: The events A and B are said to be independent, if the result of one of the…

Q: Spin to win a prize. You spin the wheel which has four equal sectors. Event A: You get an iPhone.…

A:

Q: of If P(E) = 0.53, find the odds in favor of E What are the odds in favor of E? Select the correct…

A: Solution

Q: A student goes to the library. Let events B = the student checks out a book and D = the student…

A: We have given that,  P(B) = 0.56, P(D) = 0.95 and P(B AND D) = 0.39. Then, We will find P(D|B) = ?

Q: Chang is watching his favorite soccer team playing a match. The odds against his favorite team…

A: As per bartleby guidelines we can solve only first question and rest can be reposted

Q: Maria plays basketball and is a 64% free throw shooter​ (meaning on average she hits 64 of 100 free​…

A: Let X represent the number of free throw shooter hits   X~ Binomial (5, 0.64)

Q: Victoria plays college soccer. She makes a goal 70% of the time she shoots. Victoria is going to…

A: Given information A = the event Victoria is successful on her first attempt. P(A) = 0.7  B = the…

Q: 1 5 3 4

A: Solution

Q: Directions: Solve the given problem. Show your solutions. Of all the registered automobiles in…

A: Given that n =12 ,p =0.08

Q: Tina plays college soccer. She makes a goal on 63 % of her attempts. On her next game she will…

A: Given that , P(A)=0.63.  and P(B)=0.63P(B|A)=0.85

Q: For two events, A and B. P(A)=.6. P(B) .8, and P(A|B) .5. Find P(An B). .3 .4 .833 .625

A: Given that,P( A) = 0.6P( B) = 0.8P(A|B) = 0.5We have to find P ()

Q: Joan and Cindy are on the same bowling league.  The probability that Joan scores more than 150 is…

A: Given that: Probability that Joan scores more than 150 = 0.4 Probability that Cindy scores more than…