A prize of $100, $200, $400, or $800 will be randomly awarded to a game show contestant, with the probabilities of winning each prize shown in the table below. What is the expected value of the prize that will be awarded? Prize $100 $200 $400 $800 Probability 0.2 0.2 0.4 0.2

Q: Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a cash prize of…

A: We have given, Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a…

Q: Participants in an archery game pay $10 for a chance to shoot an arrow at a target placed 70 yards…

A:

Q: A prize of $100, $200, $500, or $1000 will be randomly awarded to a game show contestant, with the…

A:

Q: Below is a partially complete probability model. Enter the probability for the final outcome.…

A: We know that, ∑P(x) = 1 P(1.5)+P(1.5)+P(2.5)+P(3.5)=1 0.1+0.05+0.15+P(3.5)=1 Therefore,…

Q: An online gambling site offers a first prize of $45,000 and two second prizes of $10,000 each for…

A: Solution-: An online gambling site offers a first prize of $45,000 and two second prizes of $10,000…

Q: Roll a fair six-sided die. You win $4 if you roll a number that is less than 3. You will lose $1 if…

A: Define the Random Variable, X : Net Gain Note that, you lose $1 means you gain -$1. So, X = 4 if…

Q: In a game, you have a 1/43 probability of winning $142 and a 42/43 probability of losing $6. What is…

A: The probability of winning $142 is 1/43 and the probability of losing $6 is 42/43.

Q: Make up a probability distribution for this raffle. find the expected value of this raffle.  a…

A: From the provided information, there are total 100 tickets sold in raffle. There is one first prize…

Q: In a game of chance, you have 0.1 probability of winning $100 and a 0.9 probability of losing $20.…

A: P(win $ 100) = 0.1 P(lose $20) = 0.9 expected value of game = ?

Q: They do not show up 20% of the time. If a restaurant has 6 reservations for the evening what is the…

A:

Q: In general after group makes a reservation at a restaurant they do not show up 20% of the time. If a…

A: Let, X = denote the number of reservations that do not show up We have:- Proportion of those who do…

Q: A lottery posted the probabilities of winning each prize and the prize amounts as shown in the chart…

A: We have given the probability of winning a lottery and winning prize.The cost of one lottery ticket…

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: A casino features a game in which a weighted coin is tossed several times. The table shows the…

A: Given: Payout Amount $180 $1000 $155000 Probability 0.151 0.029 0.0007

Q: A casino features a game in which a weighted coin is tossed several times. The table shows the…

A: Let X denote the payout amount with the corresponding probability p(x). Then we have  S.No.…

Q: The budgeting process for a midwestern college resulted in expense forecasts for the coming year (in…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: A person buys a raffle ticket for $20. 500 tickets are sold. One winner is chosen and receives…

A:

Q: You play a gambling game with a friend in which you roll a die. If a 1 or 2 comes up, you win $5.…

A: Given that, When a die is rolled then, If a 1 or 2 comes up, you win $5 otherwise you lose $4

Q: A casino features a game in which a weighted coin is tossed several times. The table shows the…

A: Given data: Payout Amount $130  $2,800  $135,000  Probability  0.131 0.021…

Q: An animal shelter has a 65% adoption rate for puppies. Of all puppies in the shelter, 75% live to be…

A: Given: Animal shelter has a 65% adoption rate for puppies. 75% of puppies that remain in shelter…

Q: WNBA player Tameka Johnson of the Tulsa Shock is an 84% free throw shooter.  Suppose Tameka is…

A: Given, Probablity of free throw is p = 0.84     To find, the probability that she will make all…

Q: Find the expected value:    You draw a card from a 52 card deck. If you get a black card, you win…

A: Total number of cards: 52 Number of black cards = 26 Number of hearts = 13 Number of diamonds = 13…

Q: model. Enter the probability for the final outcome. Outcome 0.5 2.5 3 5.5 Probability 0.25 0.20.15…

A:

Q: Purchased Gum Kept the Money   Students Given Four Quarters 32 17   Students Given a​ $1 Bill…

A: The probability of randomly selecting a student who spent the​ money, given that the student was…

Q: In a game, you have a 1/48 probability of winning $55 and a 47/48 probability of losing $9. What is…

A: From the provided information, The probability of winning of $55 = 1/48 The probability of losing of…

Q: f $35.1 million. The probability of winning the grand prize is .000000043. Determine the expected…

A: A lottery ticket has a grand prize of $35.1 million. The probability of winning the grand prize is…

Q: Below is a partially complete probability model. Enter the probability for the final outcome.…

A: According to the total probability theorem, the total probability of all the possible outcomes is…

Q: A company produces products at a cost of $30 each. Defective products cost an additional $16 each to…

A: Given that:The probability of no defective products is 80%=0.805% of 600=0.05×600=30. So the…

Q: fifty five percent of US household say they would feel secure if they had $50,000 in savings. you…

A: Let us denote X=the number of US households who would feel secure if they had $50000 in savings…

Q: The table below shows the probabilities of a person accumulating specific amounts of credit card…

A: $500 or more means $500-$999 and $1000 or moreP($500 or more)=P($500-$999 and $1000 or…

Q: Find the indicated probability. In general, after a group makes a reservation at a restaurant, they…

A: This is a binomial distribution problem as it has two possibilities (show up/do not show up). The…

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: In a game of​ chance, players pay ​$5 for a chance to win one of two​ prizes: a ​$100 gift card or…

A: given:

Q: Find the probability of randomly selecting a student who spent the​ money, given that the student…

A: As per our guidelines, we are allowed to answer three sub-parts only     Purchased Gum Kept…

Q: A game has an expected value to you of ​$400. It costs ​$400 to​ play, but if you win you receive​…

A: Given Information :  A game has an expected value to you of ​$400. It costs ​$400 to​ play, but if…

Q: A roulette wheel has 38 numbers:               18 are black,               18 are red, and…

A: