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4. A private organization conducted a raffle draw to finance their projects. One thousand tickets are sold at 10.00 each for four prizes of 2,000, 1,500, 1,000 and 500. What is the expected value if a person purchases two tickets? 5. By investing in a stock, Mark can make a profit in one year of P5000 with a probability of 0.3 or take à loss of P1000 with a probability of 0.7. What is his expected gain per month?

4. A private organization conducted a raffle draw to finance their projects. One thousand tickets are sold at 10.00 each for four prizes of 2,000, 1,500, 1,000 and 500. What is the expected value if a person purchases two tickets? 5. By investing in a stock, Mark can make a profit in one year of P5000 with a probability of 0.3 or take à loss of P1000 with a probability of 0.7. What is his expected gain per month?

MATLAB: An Introduction with Applications
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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4. A private organization conducted a raffle draw to finance their projects. One thousand tickets are sold at 10.00 each for four prizes of 2,000, 1,500, 1,000 and 500. What is the expected value if a person purchases two tickets? 5. By investing in a stock, Mark can make a profit in one year of P5000 with a probability of 0.3 or take a loss of P1000 with a probability of 0.7. What is his expected gain per month?
Transcribed Image Text:4. A private organization conducted a raffle draw to finance their projects. One thousand tickets are sold at 10.00 each for four prizes of 2,000, 1,500, 1,000 and 500. What is the expected value if a person purchases two tickets? 5. By investing in a stock, Mark can make a profit in one year of P5000 with a probability of 0.3 or take a loss of P1000 with a probability of 0.7. What is his expected gain per month?
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