(a) A mystery bag contains 6 black tickets, 7 red tickets and 3 yellow tickets. You draw one ticket from the bag. If you pick a black ticket, you will win $11. If you pick a red ticket, you win $8. If you pick a yellow ticket, you lose $6. What is your expected value if you play this game? (b) Pamela bought an electric drill at 85% off of the regular price. She paid $32.89 for the drill. What was the regular price? (Round to the nearest cent)

(a) A mystery bag contains 6 black tickets, 7 red tickets and 3 yellow tickets. You draw one ticket from the bag. If you pick a black ticket, you will win $11. If you pick a red ticket, you win $8. If you pick a yellow ticket, you lose $6. What is your expected value if you play this game? (b) Pamela bought an electric drill at 85% off of the regular price. She paid $32.89 for the drill. What was the regular price? (Round to the nearest cent)

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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