A lottery offers one $1000 prize, one $500 prize and two $200 prizes. One thousand tickets are sold at $3.00 each. Find the expectation if a person buys one.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Expected value- The expected value is predicted future value of an event taking place in the…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: According to the provided information, the number of tickets they will sell is 900 and the cost for…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: From the provided information, the total number of tickets they will sell = 700. So,
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Expected value: The expected value of a random variable is the sum of the possible values that the…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given data: The cost of a ticket is C=$7. The total numbers of the ticket are n=900. The amount of…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given information- We have given that the student council is hosting a drawing to raise money for…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: From the given information we want to find expected value of profit.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given information One ticket will win $2000 grand prizes four ticket will win $400 grand prizes…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that selling tickets for $8 each and will sell 800 tickets And There is one $2,000 grand…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given There is one $2,000 grand prize, three $300 second prizes, and fifteen $10 third prizes. You…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that, The student council is hosting a drawing to raise money for scholarships. They are…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: the expected value for your profit is $7
Q: A lottery offers one 400,000 prize, two 150,000 prize and four 25,000 prizes. Fifty thousand tickets…
A: The probability of winning 400,000 prize is equal to P(winning 400,000) = 150,000 The probability of…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The probability distribution based on the given information is as follows:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given: $10 each and sell 800 tickets one $1000 ground prize four $ 200-second prize fifteen $20…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given information- No. of lottery ticket sold = 700 Price of a lottery ticket = $7 The prizes are:…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The cost of selling one ticket is $6.The student council sold 700 tickets.There is one $ 3000 grand…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given,Price of each ticket = $9Total number of tickets = 600And there is one $2,000 grand prize, two…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given information- We have given that the student council is hosting a drawing to raise money for…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given: The student council is hosting a drawing to raise money for scholarships. Cost of one ticket…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: We can create a table for the given data, Price (X) no. Of tickets (f) 2000 1 400 2 20 11…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The cost of a single ticket is $6. Total tickets are 700.There are 1 prize with $1,000, 3 prizes…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that, Sell 600 tickets, $7 for each One $2000 grand prize Three $400 grand prize Twelve $10…
Q: You just bought one ticket. Find the expected value for your profit
A: here given, The student council is hosting a drawing to raise money for scholarships. They are…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given, selling tickets for $7 Number of tickets sold for each = 600
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given, Total tickets =800 Given data can be represented as below table. Cost of Ticket Prize…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: There are 700 tickets, where price of each ticket is $6.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given problem Given that The student council is hosting a drawing to raise money for…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Expected value: The expected value of a random variable is the sum of the possible values that the…
Q: the student council is hosting a drawing to raise money for scholarships. they are selling tickets…
A: Given information- No. of lottery ticket sold = 500 Price of a lottery ticket = $8 The prizes are:…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given selling tickets for $9 each and will sell 500 tickets. one $2,000 grand prize three $200…
A lottery offers one $1000 prize, one $500 prize and two $200 prizes. One thousand tickets are sold at $3.00 each. Find the expectation if a person buys one.
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- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $2,000 grand prize, two $200 second prizes, and twelve $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 900 tickets. There is one $2,000 grand prize, four $200 second prizes, and fifteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 500 tickets. There is one $3,000 grand prize, three $400 second prizes, and fifteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 500 tickets. There is one $1,000 grand prize, four $400 second prizes, and eighteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.$The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 600 tickets. There is one $1,000 grand prize, three $200 second prizes, and thirteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 800 tickets. There is one $2,000 grand prize, two $500 second prizes, and eleven $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 800 tickets. There is one $2,000 grand prize, three $400 second prizes, and sixteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $ 5.6 Hint: HintThe student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships.They are selling tickets for $8 each and will sell 700 tickets.The raffle has:one $2,000 grand prize,two $500 second prizes, andfourteen $40 third prizes.You just bought one ticket. Find the expected value for your profit. Round to the nearest cent.$
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 500 tickets. There is one $3,000 grand prize, three $300 second prizes, and sixteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $4The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 600 tickets. There is one $3,000 grand prize, four $400 second prizes, and eighteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and eleven $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
