a lottery offers one $1000 prize, one $500 three $400 prize and five $100 prize. one thousand tickets are sold at $5 each find the expectation if a person buys three tickets. assume that the player’s ticket is replaced after each draw and that the same ticket can win more than one prize

a lottery offers one $1000 prize, one $500 three $400 prize and five $100 prize. one thousand tickets are sold at $5 each find the expectation if a person buys three tickets. assume that the player’s ticket is replaced after each draw and that the same ticket can win more than one prize

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...

See similar textbooks

Related questions

Q: At a members-only club, 58% of the members play poker and drink whiskey and 77% play poker. If a…

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: A local organization sells 10,000 lottery tickets for $1 each. Prizes are awarded by a random…

A: Given, A organization sells 10,000 lottery tickets for $1 each. First price earn $300, Second win…

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: If a+b+c is equal to 22, what is the probability that a is less than b, and b is less than c?a, b,…

A: If the sum of the three Natural numbers a, b and c is n, then the total number of combinations of…

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

Q: Suppose a local charity decides to raise money by raffling a quilt worth $300, a dinner for two…

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

Q: A student taking a true-false test consisting of 10 questions guesses at the answers. Assuming that…

A: Givensample size(n)=10In true or false the probability of making correct guess isp=12=0.5 Let "x"…

Q: Find the probability of answering the two multiple choice questions correctly if random guesses are…

A: The probability shows how likely an event occurs.

Q: Find the probability that when a couple has three children, at least one of them is a boy. (Assume…

Q: Illustration 16.72. A bag contains 4 rupee, 10 one paise, 6 fifty paise coins and 3 twenty-five…

Q: You pay $20 to enter a raffle. The first ticket drawn wins $990, the second ticket drawn wins $465,…

A: The objective of this question is to calculate the expected earning on a raffle ticket. The expected…

Q: You pay $20 to enter a raffle. The first ticket drawn wins $912, the second ticket drawn wins $481,…

Q: For numbers 23-25, refer to the problem. There are one thousand tickets that are sold for P50.00…

Q: find the probability that the educator is a female or an associate professor

A: We have given that an educators at a college were classified according to gender and academic rank.

Q: s on the table at the moment. You will win $1 if you randomly draw a black card, but you will lose…

A: Black Cards 20 Red Cards 10 Black Cards win $1 20 Red Cards lose $2 10

Q: A box contains 3 red balls and 4 blue balls. If two balls are drawn in succession, what is the…

A: Given that Total balls=3+4=7 Red balls=3 Blue balls=4 Find P(red and other blue)

Q: You pay $20 to enter a raffle. The first ticket drawn wins $983, the second ticket drawn wins $474,…

A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Q: At Shakey's Pizza, 45% of customers order pizzas with either sausage or pepperoni. If 31% get only…

Q: In a lottery, the top cash prize was $665 million, going to three lucky winners. Players pick four…

A: The probability of winning the minimum award can be calculated as: Pr (winning the minimum award ) =…

Q: If the probability that you get a grade of "A" in this class is 90%, find the probability that you…

A: Given information Probability that you get a grade of "A" in this class p = 0.90

Q: You pay $20 to enter a raffle. The first ticket drawn wins $964, the second ticket drawn wins $522,…

A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Q: Suppose that you and a friend are playing cards and decide to make a bet. If you draw three twos in…

A: Given that If you draw three twos in succession from a standard deck of 52 cards without…

Q: expected payback for a person who buys one ticket in the raffle.

A: Suppose a local symphony decides to raise money by raffling an HD television worth 500$, a dinner…

Q: A person randomly picks one of the numbers 1, 2 or 3, with identical probability each, and then…

Q: On a roll of two dice, Serena bets that the sum will be 6, and Donald bets that the sum will be 9…

A: Finding probability

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: There are 700 tickets, where price of each ticket is $6.

Q: Kenmore Hockey Team winning a game is 75%. How many times would you expect them to win in a 24 ga

A: This is the case of binomial, as there are only two possible outcomes which are independent and…

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: 33% of all college students major in STEM (Science, Technology, Engineering, and Math). If 33…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: 8. Dad's music collection includes 5 rock music albums, 3 classical music albums, and one love song…

A: 5 rock music albums 3 classical music albums 1 love song album ____________________________ 9…

Q: A basketball player makes an average of 2 free throws out of every three attempts. If the player…

A: Out of total 3 throws, 2 are made by the player. So the probability of making a throw will be ratio…

Q: Find the probability that when a couple has two children, at least one of them is a girl. (Assume…

A: From the provided information, A couple has two children that is n = 2 Probability of girl (p) = 0.5

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Calcu;lation for Expectation

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

A recent survey showed that 17% of community college students experienced at least some homelessness during their first year at a community college. Surveys also show that 80% of community college students need to take English their first year at a CC. Based on these surveys what is the probability of first year CC students experiencing at least some homeless during their first year and taking an English class? Show the formula, the math plug-ins, and answer.
A pair of dice are tossed twice. Find the probability that the first roll is a total of at least 7 and the second roll is a total of at least 6.
Delaney is about to take a final exam that consists of 20 questions. To motivate her to study, her parents promised her $500 if she gets at least 17 questions right. The questions are multiple choice and the probability of her getting a question right is 0.75 on each question of the final exam. What is the probability that she gets exactly 17 questions right? What is the probability that she gets at least 17 questions right?
A investor estimates that, in a year’s time, a certain stock has a 30% chance to be worth $125 per share, a 45% chance to be worth $90 per share, and a 25% chance to be worth$60 per share. Determine the expectation of the price per share of the stock in a year’s time.
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.
You pay $20 to enter a raffle. The first ticket drawn wins $1036, the second ticket drawn wins $477, the third through fifth win $186, and the sixth through tenth win $49. Suppose 2345 tickets were sold. What is the expected earning on your ticket?
At bedtime, you read three books to your kids, Walker, Michael, and Luke. Together, they have 32 books. If you decide to randomly choose three books, what is the probability that the three you choose will consist of each of their favorite books? Assume they have different favorites. Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.
A company offers guided tours of remote areas of the world. Each tour consists of 20 people. The probability of selling a ticket for any given spot on the tour is 0.86. The costs to the company are approximately the same regardless of the number of people that show up. To offset the risk associated with a tour not filling up, the company purchases a specialized insurance policy. The policy pays 100 for each ticket that is left unsold, up to a maximum of 400. Let P be the amount that the insurance policy pays to the company for a specific tour. Calculate E[P] to the nearest dollar. O 251 O244 O 259 O 267 275
Approximately 2 percent of Americans ages 50-60 have lung cancer. A patient with lung cancer has a 91 percent chance of a positive test. A patient without lung cancer has a 8 percent chance of a positive test (a false positive result). Complete the table below, then answer the questions below the table. Give all answers as decimals to 4 decimal places. Positive test result Negative test result Total Has lung cancer Does not have lung cancer Total What is the probability a patient has lung cancer given that she just had a positive test? Give answer as decimals to 4 decimal places.
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.
A magazine subscription service is having a contest in which the prize is 180000. If the company receives 3 million entries, which is the expection of the contest?
Larry and Curly decide to have a chess match. The probability of Larry winning is 0.4. Each time Larry wins, he gains confidence and the probability of winning the next game increases by 0.1. Each time he loses, his confidence goes down and his probability of winning the next game decreases by 0.05. Determine the probability that in a three game match Larry wins at least two games. please write clearly thank you.