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: For every football game there is a team that is expected to win by a certain number of points. In…

A: sample size, n=45favorable cases, X = 20  ( i.e. total number of favored teams beating the spread)

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: From the provided information, the total number of tickets they will sell = 700. So,

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: Using the diagram below: Find these probabilities: a.x= type your answer... b.y = type your…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $240, the…

A: As per our guidelines, we are supposed to answer only 3…

Q: Using the diagram below: Find these probabilities: a.x= type your answer.... b.y = type your…

A: Given,

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: 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: A bag contains 2 white and 3 black balls. Four persons A, B, C and D in the order named each, draw…

A: Given: A bag contains 2 white and 3 black balls. Four persons A,B,C and D in the order named each,…

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

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: Marlon is going to roll a six-sided die, and if he rolls a 3, he gets $10. It costs him $2 to enter…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

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: Find the values of (a) zo.10. (b)-20.05. (c)-20.048

A: a) z0.10: PZ≤z=0.10          z=-1.28, from the Excel function, =NORM.INV(0.1,0,1)

Q: Identify the reasoning process, induction or deduction. Explain your answer. The data in the graph…

A:

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: Q13. In a bet, you have 40% probability of losing $15. What should the potential winnings from such…

A: From. The above data  We are given that the  n= 15 P = 0.40

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: Carlos plays college soccer. He makes a goal 65% of the time he shoots. Carlos is going to attempt…

A: P(A) = 0.65 P(B) = 0.65 P(B|A)  = 0.90   Formula to be used: P(A ∩ B) = P(A)P(B|A) P(A ∪…

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: K In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who…

A: We have to find the expected value for playing roulette  To find this the procedure is given below

Q: this??

A:

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: 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: Based on past experience, Josh believes that the probability of catching a red snapper is .21 and…

A: Probability of catching a red snapper, Probability of catching a grouper,

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…

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

A:

Q: The social science dean at Omega University must distribute salary raises for next year. She has…

A: