A grab bag contains 12 packages worth 80 cents a piece, 15packages worth 40 cents each, and 25 packages worth 30cents a piece.What is the expected value for the privilege of picking one ofthe packages at random? (round your answer to the nearesttenth of a cent!)* REQUIRED10. What is the expected value for theprivilege of picking one of the packagesat random? (round your answer to thenearest tenth of a cent!)Type a response1

Given that a bag that contains packages worth cents a piece, packages worth cents each, and…

Answered: A grab bag contains 12 packages worth…

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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For 50c, you can play a lottery where you pick a 3-digit number between 000 and 999. If you pick the winning number, you collect $275. What is the expected amount you will win or lose in this game?
I am very lost on this question!
Hi sir. i need the answer ASAP. I can paypal you a tip if you answer this ASAP
Several friends chartered a boat for a day's fishing. They caught a total of 63 fish. The table below provides information about the type and number of fish caught. Determine the empirical probability that the next fish caught is a kingfish. Fish Number caught Grouper Shark Flounder Kingfish 11 20 6 26 P(kingfish) = (Simplify your answer. Type a fraction.)
In a recent survey, 45% of people surveyed indicated chocolate was their favorite flavor of ice cream. Suppose we select a sample of 8 people and ask them to name their favorite flavor of ice cream. a. How many of those in the sample would you expect to name chocolate? (Round your answer to the nearest whole number.) b. What is the probability exactly six of those in the sample name chocolate? (Round the probability to 5 decimal places and the final answer to 4 decimal places.) c. What is the probability six or more name chocolate? (Round your probability to 4 decimal places.)
Amita pays $0.73 to play a game at a local fair that involves receiving the number of quarters that corresponds to the number that comes up on the roll of a die. Using the expected value of the game, compute the expected gain or loss for Amita. Note: Please avoid rounding numbers in the middle of your calculations. However, round your final answer to two decimal places, before entering it in the box below. A negative final answer indicates an expected loss for Amita for playing the game.
One thousand tickets are sold at $5 each. One ticket will be randomly selected and the winner will receive a color television valued at $389. What is the expected value for a person that buys one ticket? Round the answer to the nearest cent. A. $1.00 B. - $4.61 C. -$1.00 O D. $4.61
1000 raffle tickets were sold for $4 each. 2 prizes of $500 each, and 11 prizes of $100 each is to be awarded to winners. If Olga purchases one ticket, what is the expected value of her winnings? Round your answer to two decimal places (to the nearest cent).
please answer D
Several friends chartered a boat for a day's fishing. They caught a total of 56 fish. The table below provides information about the type and number of fish caught. Determine the empirical probability that the next fish caught is a grouper. Fish Number caught Grouper 14 Shark 15 Flounder 3 Kingfish 24 P(grouper) =| (Simplify your answer. Type a fraction.)
solution please

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