Subject: probablity A contest at a fast-food restaurant offered the cash prizes and probabilities of winning on one visit shown to the right. Suppose youspend $1 to buy a bus pass that lets you go to 10 different restaurants in the chain and pick up entry forms. Find your expected value.The expected value is(Round to the nearest cent as needed. Do not include the $ symbol in your answer.)Prize$100,000$25,000$5,000$1,000$100$5$1Probability1/9,489,6001/1,897,9201/948,9601/118,6201/23,7241/5,9311/659D

Answered: A contest at a fast-food restaurant…

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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Question Help ▼ In a recent poll, a random sample of adults in some country (18 years and older) was asked, "When you see an ad emphasizing that a product is "Made in our country." are you more likely to buy it, less likely to buy it, or neither more nor less likely to buy it?" The results of the survey, by age group, are presented in the following contingency table. Complete parts (a) through (c). Purchase likelihood 18-34 35-44 45-54 55 + Total More likely 234 310 335 405 29 12 176 144 1284 Less likely 29 5 75 Neither more nor less likely 291 214 825 Total 554 529 540 561 2184 (a) What is the probability that a randomly selected individual is 35 to 44 years of age, given the individual is less likely to buy a product emphasized as "Made in our country"? The probability is approximately (Round to three decimal places as needed.) (b) What is the probability that a randomly selected individual is less likely to buy a product emphasized as "Made in our country." given the individual is…
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