A raffle for a charity fund-raiser is being planned. Each of 2000 raffle tickets will be sold for $1.00. The holders of32 winning tickets will each win a prize. The table shows the prize values and the number of prizes for each value.Prize ValueNumber of Prizes20$25$5010$3002The random variable W represents the value of the prize won for a single ticket minus the cost of the ticket. What isthe expected value of W?(A) -$1.00(B) -$0.20(C) $0.80(D) $49.00(E) $124.00

The objective of this question is to find the expected value of the random variable W, which…

Answered: A raffle for a charity fund-raiser is…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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t a raffle, 500 ticket are sold at $4 each. There are twenty $10 prizes, four $50 prizes, and one $100 prize. What is the expected gain for buying one ticket in dollars?
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An urn contains 22 marbles consisting of 10 red marbles, 7 blue marbles, and 5 yellow marbles. What is the probability of randomly selecting a blue marble from the urn? Some answers have been rounded to the nearest percentage. A. O 7% B.22% C.O 32% D. O 50% Question a
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In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts below. Purchased Gum Kept the Money Students Given Four Quarters 33 13 Students Given a $1 Bill 15 30 a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters. b. Find the probability of randomly selecting a student who kept the money, given that the student was given four quarters. c. What do the preceding results suggest?choose below A. A student given four quarters is more likely to have kept the money than a student given a $1 bill. B. A student given four quarters is more likely to have kept the money. C. A student given four quarters is more likely to have spent the money than a student given a $1 bill. D. A student given four quarters is more…

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