### Problem 14: Carnival Game ProbabilityA carnival game offers a $100 cash prize for anyone who can break a balloon by throwing a dart at it. The cost to play is $5, and you are willing to spend up to $20 trying to win. You estimate that you have about a 10% chance of hitting the balloon on any given throw.#### Tasks:a. **Create a probability model for this carnival game.**b. **Find the expected number of darts you'll throw.**c. **Find your expected winnings.** (Note: There are no graphs or diagrams in the provided text.)

Prize = $100 A dart cost = $5 Trying to win (spend)=$20 10%(0.10) chance of hitting the balloon on…

Answered: 14. Carnival A carnival game offers a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below. Purchased Gum Kept the Money Students Given Four Quarters 27 16 Students Given a $1 Bill 12 35 a. Find the probability of randomly selecting a student who spent the money, given that the student was given a $1 bill. The probability is (Round to three decimal places as needed.) b. Find the probability of randomly selecting a student who kept the money, given that the student was given a $1 bill. The probability is (Round to three decimal places as needed.) c. What do the preceding results suggest? A. A student given a $1 bill is more likely to have kept the money than a student given four quarters. B. A student given a $1 bill is more likely to have spent the money. C. A student given a $1 bill is more likely to have spent the money than a student given four quarters. D. A…
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