15. Lottery Prizes A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $3 each. Find the expectation if a person buys one ticket.
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A: Paul starts with $10 Paul's chance of winning = 0.6 Paul's chance of losing = 0.4
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A: We have given, Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a…
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A: Given information: Total number of tickets sold =1000 Selling price SP of the ticket = $5 The given…
Q: Lottery Prizes A lottery offers one $800 prize, one $700 Prize, three $300 prizes, and four $100…
A: PROBABLITIES OF GETTING REWARD : - total tickets sold = 1000 number of prices for $ 800 = 1 number…
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A: A person spins the pointer and is awarded the amount indicates by the pointer.The objective is to…
Q: Discrete Probability: Below is the problem and make sure to show the full and correct solution:…
A: Peter(win) means Paul(lose) P= 2/3 Peter(lose) means Paul(wins) P = 1- 2/3 = 1/3 For each game ,…
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A: The cost of each of the tickets is $10.
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A:
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A: Given- A "friend" offers you the following "deal". For a $10 fee, you may pick an envelope from a…
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Q: The expectation that a person buys four tickets ____ dollar(s)
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A: The number of dice rolled are 3.
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A: Given information: A raffle offers: one $8000.00 prize one $4000.00 prize five $1600.00 prizes The…
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Q: Lottery Prizes A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand…
A: Given information- No. of lottery ticket sold = 1000 Price of a lottery ticket = $3 The prizes are:…
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Q: Lottery Prizes A lottery offers one $1000 prize, two $500 prizes, three $300 prizes, and…
A: Given that: A lottery offers one $1000 prize, two $500 prizes, three $300 prizes, and four $200…
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A: 1.A spinner wheel is given with several prize amounts mentioned on it.
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Q: Lottery Prizes A lottery offers one $900 prize, one $700 Prize, three $400 prizes, and four $100…
A: Given: $1000 prize = 1 $700 prize = 1 $300 prize = 2 $200 prize = 4
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A: Given: The player wins $1 if the number is an odd number. The player loses $0.50 otherwise. The…
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A: Given information: n = 4000 p = 0.50(Probability of getting tail in a fair coin toss)
Q: 1 5 3 4
A: Solution
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A: Given: There are 5 songs in Total Each song has a probability of 1/5
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A: Given Data: Odds of winning: 35:1 bet amount=28
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- For the wheel pictured on the right, assume that a person spins the pointer and is awarded the amount indicated by the pointer. Determine the person's expectation assuming the spinner has not yet been spun. S10 -$20 What is the expectation? $ (Simplify your answer. Type an integer or a decimal.)For the wheel pictured on the right, assume that a person spins the pointer and is awarded the amount indicated by the pointer. If it costs $3 to play the game, determine (a) the expectation of a person who plays the game and (b) the fair price to play the game. $4 S7A lottery offers one $1000 prize, two $700 prizes, three $400 prizes, and five $100 prizes. One thousand tickets are sold at $7 each. Find the expectation if a person buys four tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems The expectation of a person buys four tickets is… dollars
- Lottery Prizes A lottery offers one $900 prize, one $700 Prize, three $300 prizes, and five $200 prizes. One thousand tickets are sold at $7 each. Find the expectation if a person buys two tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems. The expectation if a person buys two tickets is dollar(s).Answer number 2 and 3$6 $5 For the wheel pictured on the right, assume that a person spins the pointer and is awarded the amount indicated by the pointer. Determine the person's expectation assuming the spinner has not yet been spun. $6 $5 Question content area bottom Part 1 What is the expectation? $ enter your response here (Simplify your answer. Type an integer or a decimal.)
- A lottery offers one $800 prize, two $700 prizes, three $400 prizes, and four $200 prizes. One thousand tickets are sold at $5 each. Find the expectation if a person buys three tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems. The expectation if a person buys three tickets is ___ dollar(s)Alyssa and Gabriel play a game. Alyssa rolls a die. If she rolls a 1, 2, or 3, Gabriel gives away $3. If Alyssa rolls a 4 or 5, he gives her $2. However if she rolls a 6, she gives him $22. Determine Alyssa's expectation and determine Gabriel's expectationA certain game involves tossing 3 fair coins, and it pays 13¢ for 3 heads, 6¢ for 2 heads, and 2¢ for 1 head. Is 6¢ a fair price to pay to play this game? That is, does the 6¢ cost to play make the game fair? The 6¢ cost to play is not a fair price to pay because the expected winnings are (Type an integer or a fraction. Simplify your answer.) c.
- You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery. In this lottery, there are one $500 prize, two $100 prizes, and four $25 prizes. Find your expected gain or loss. The expected loss is:Shuffle: Charles has five songs on a playlist. Each song is by a different artist. The artists are BTS, Cardi B, Taylor Swift, Drake, and Post Malone. He programs his player to play the songs in a random order, without repetition. What is the probability that the first song is by BTS and the second song is by Drake? Write your answer as a fraction or a decimal, rounded to four decimal places. The probability that the first song is by BTS and the second song is by Drake is Continue F2 80 F3 Q F4 00 F5 X 3 MacBook Air Si F6 AKI F7 © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility DII FB F9 Submit Assignment F10 4 d 44