A player tosses a fair 6-sided dice. If the number on the die is a 3 or an If the number on the die is 2, he receives $4. For What is the expected value of this game (for the player)? any other 5, he receives number, he must pay $7. Give answer rounded to 2 decimal $5. places.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
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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,
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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…
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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…
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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 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…
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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: We have to find expected value.
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: 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 chance of winning Florida's Pick-6 Lotto game is 1 in approximately 23 million. Suppose you buy…
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Q: You randomly select one card from a 52-card deck. Find the probability of selecting the king of…
A: It is known that Number of cards in a deck = 52 Number of king of diamonds = 1 Number of two of…
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, 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: Given problem Given that The student council is hosting a drawing to raise money for…
Q: It costs $6.75 to play a very simple game, in which a dealer gives you one card from a deck of 52…
A: The cost of the game is $6.75.
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…
Q: For 8 TL a player can roll a pair of dice once. If the player gets a double, he is allowed to choose…
A: The probability that the player gets a double = (Number of ways to get a double)/(Total number of…
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A: Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
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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 $5. Total tickets are 500.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
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- Ten thousand raffle tickets are sold for $2 each. One first prize of $1400, 3 second prizes of $800 each, and 9 third prizes of $400 each are to be awarded, with all winners selected randomly. If you purchase one ticket, what are your expected winnings? Round your answer to the nearest cent.You play a game with two-six sided dice. If you roll a sum of 4 or 7, you win P400 If you roll a sum of 10, you win P200. However, you lose P300 for anything else. If you continue to play the game, how much do you expect to win or lose in the game?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.
- Suppose you play a game of rolling a 12-face die. You win if you roll a “3” or “6” or “9”. Otherwise, you lose. a. What is the probability of winning a game? Your answer is 1/4 . Write your answer in decimal number. b. What is the probability of losing a game? Your answer is Write your answer in decimal number. c. Suppose you pay $10 to play the game. You get $10 if you win. Otherwise, you lose the $10. What is your expected value of betting on “3”, “6”, “9”. Hint: 10 x (probability of winning) + (–10) x (probability of losing). Your answer is Write your answer in decimal number. d. What is your expected value of betting on “3”, “6”, “9” for 50 times. Your answer isThe 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.A new game is being introduced at the Hard Rock Cafe. A ball is spun around a wheel until it comes to rest in one of many spots. Whatever is listed in that spot will be the player's winnings. If the wheel has 7 spots labeled $1, 9 spots labeled $2, and 6 spots labeled $10, how much should a player expect to win on average? 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 700 tickets. There is one $3,000 grand prize, three $300 second prizes, and twelve $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.