A box contains one each of $1, $5, $10, $20, and $100 bills. It costs $17 to reach in and withdraw one bill. What is the expected value?

Q: Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a cash prize of…

A: We have given, Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a…

Q: a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round…

A: Solution: Note: Since its saying 'X' represents profit from smallest to largest, so i am considering…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A:

Q: One thousand lottery tickets are sold for $5 each. 7 prizes of $250 each will be awarded. If Luisa…

A: We have given lottery tickets and we have to find the expected value for a ticket bought.

Q: A charity organization is selling 100 mystery boxes for $5 each. Five of the mystery boxes contain a…

A: Used tool : excel

Q: A raffle offers a first prize of $400 and 3 second prizes of $80 each. One ticket costs $2, and 600…

A: Given information- No. of ticket = 600 P(wining $400) = 1/600 P(wining $80) = 3/600 Cost of ticket =…

Q: At a raffle 250 tickets are sold for $4 each. There is one grand prize of $5000 and two prizes of…

A: There are total 250 raffle tickets and each ticket cost of $4.

Q: A company estimates that 0.4% of their products will fail after the original warranty period but…

A: p(FAILS WITHIN 2 YEAR)= p = 0.004 P(not fail) = 1-0.004 = 0.996 replacement cost $ 50 premium to…

Q: A box contains one each of $4, $8, $25, $50, $70, and $100 gift cards. You reach in and withdraw one…

A:

Q: A person buys a raffle ticket for $20. 500 tickets are sold. One winner is chosen and receives…

A:

Q: You play a gambling game with a friend in which you roll a die. If a 1 or 2 comes up, you win $5.…

A: Given that, When a die is rolled then, If a 1 or 2 comes up, you win $5 otherwise you lose $4

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A: Using the given info we make a table Winning amount (xi) 96 0 Total Frequency 1 (210-1)=209 210…

Q: At a raffle, 30 tickets are sold at $1 each for 3 prizes of $50, $10, and $5. You buy 1 ticket. What…

A: The question to find discrete prob. distribution Given : Total no. of tickets sold = 30 Tickets are…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Selling price of ticket =$9Total ticket sell =8001 prize of $3000,4 prize of $200 and 18 prize of…

Q: In a lottery, 3000 tickets are sold for $1 each. One first prize of $5000, 1 second prize of $1000,…

A: Expected value:The expected value of a random variable is the sum of the possible values that the…

Q: A company estimates that 0.1% of their products will fail after the original warranty period but…

A:

Q: Determine whether the following statement makes sense or does not make sense, and explain your…

A: Given : For a fair die, the Probability(P) of rolling a number is 1/6P (rolling 1 or 2) = 1/6 + 1/6…

Q: A lottery game offers php. 2,000,000 to the grand prize winner, Php. 20 to 10,000 second prize…

A: We make a table for the winning amounts Winning amount (X) 2,000,000 20 4 Frequency 1 10000…

Q: If X is the number of points rolled with a balanced 4-sided die, and I pay you according to the…

A: The variable X is the number of points rolled with a balanced 4-sided die.The formula for the pay…

Q: In order to raise money for a local senior citizens home, the town council of Smallville decides to…

A: Given,Number of grand prize of $3000 is 1.Number of additional prize of $500 is 20Total number of…

Q: 2000 raffle tickets were sold for $4 each and one prize $1000 and 6 prizes of $400 each are to be…

A:

Q: American Roulette is a form of gambling where there are 38 total slots labeled 1 through 36 and 0…

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Q: A lottery offers one $1000 prize, one $500 prize and two $200 prizes. One thousand tickets are sold…

A: Given problem Given that   A lottery offers one $1000 prize, one $500 prize and two $200 prizes.…

Q: One thousand lottery tickets are sold at $2 each.  A single ticket is drawn, and the winner receives…

A: From the given information, Consider, X be the random variable that denotes the gain .  Total number…

Q: a pick 4 lottery, you buy a $1 ticket and pick 4 numbers, each from 0 to 9. The winner collects…

A: Let X be the amount of ticket in the lottery. The possible values of X are -1 and 5000.The profit…

Q: A game is played using one die. If the die is rolled and shows a 4, the player wins $9. If the die…

A:

Q: A $2600 cash prize is to be awarded at a carnival. If 1300 tickets are sold for $3 each, what is the…

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Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A: It is given that the a raffle ticket costs $5 and there is 1 winning ticket out of the 180 tickets…

Q: Your school is selling raffle tickets as a fundraiser. They sell tickets for $5 each, there are 10…

A:

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $4.…

A:

Q: There is a new type of scratch-off ticket for $60 to win one of 7 prizes of $10,000 or the grand…

A: The following data is given in the question:  Total number of tickets to be sold is 9,000 Price of…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.