A lottery ticket has a grand prize of $48.9 million. The probability of winning the grand prize is .000000047.   Determine the expected value of the lottery ticket. (Round your answer to 3 decimal places.)   Expected value           $

Q: d. For the 11 people, find the probability that the average age that they learned to walk is between…

A: Mean=11, standard deviations=1.5 X ~N(11,1.5), n=11

Q: You buy a single raffle ticket for $10 for a chance to win a $500 jackpot. The raffle sells 200…

A: It is needed to give $10 to buy a ticket and once can win $500 as a jackpot.

Q: You are given the probability that an event will happen. Find the probability that the event will…

A: P(happening)+P(not happening)=1

Q: You are selling your product at a three-day event. Each day, there is a 60% chance that you will…

A:

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 company can expect to pay out $ (Type an integer or a decimal.) over the year after the policies…

A: here given , An insurance company has written 50 policies for $90,000, 100 policies for $30,000, and…

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

A:

Q: Find the indicated probability. P(A or B) =| (Simplify your answer. Type an integer or a decimal.)…

A:

Q: Allie plays on the varsity basketball team and makes 79% of her free throws. If she takes 12 shots,…

A: Given : p = 0.79 q = 1 - p = 1 - 0.79 = 0.21 n = 12 we have find P(x = 8) here, x follow a binomial…

Q: Provide an appropriate response. Assume that male and female births are equally likely and that the…

A:

Q: is 0.40. For a premium of ​$29,000 David can purchase insurance coverage that would pay him​…

A: The expected net profit is, $100,000. The rain reduced the net profit to $25,000. The probability of…

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

A: We have to find expected value.

Q: Design a simulation that you can use to model the situation. Then use your simulation to find the…

A: To estimate the experimental probability that exactly 1 out of the next 2 meals is overcooked, we…

Q: Find the probability of the indicated event if P(E) = 0.20 and P(F) = 0.45. Find P(E or F) if P(E…

A:

Q: A bicycle factory runs two assembly lines, A and B. 95% of line A's products pass inspection and 88%…

A: From the provided information, 50% of the factory’ bike come off assembly line B that is P(B) = 0.5…

Q: The conditional probability that the event A occurs, given that the event B occurs, is given by…

A:

Q: Use the chart below to answer questions 1-6 about the ACT's. The ACT is a standardized test used by…

A:

Q: A building contractor buys 80% of his cement from supplier A and 20% from supplier B. A total of 75%…

A:

Q: Find the probability. (Round your answer to four decimal places.) .6 c7c6 1 1 C 13 2

A: C17=7!1!×(7−1)!=7C16=6!1!×(6−1)!=6C213=13!2!×(13−1)!=78

Q: The probability of an event is given. Find the odds in favor of the event.   0.65

A: We know that odds in favor of the event gives the ratio of the number of ways an event can occur to…

Q: Use the multinomial formula and find the probabilities for each. Round your answers to at least…

A: Given information,n = 6, X1 = 1, X2 = 2, X3 = 3, P1 = 0.4, P2 = 0.3, P3 = 0.3Using formula…

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: a lottery tcket has a grand prize of 45.2 million. the probability the grand prize is .000000044.…

A: Given, n = 45.2 million = 45200000 p=0.000000044

Q: event of a fire, the insured damages (the payout on the policy) will be $340,000. lake a table of…

A: Solution : Given that:a) Make a table of the two possible payouts on each policy with the…

Q: Find the indicated probability. Find the probability that the sum is no more than 7 when two fair…

A: When two dice are rolled then the possible out comes…

Q: IQ is normally distributed with a mean of 100 and a standard deviation of 15. Suppose one individual…

A: Given information- Sample mean, µ = 100 Sample standard deviation, σ = 15 Let, X be the IQ of an…

Q: Class records at Rider University indicate that a student selected at random has probability 0.7 of…

A: It is an important part of statistics. It is widely used.

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.