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A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of $25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each. Round 2 decimal places. The expected value is $0.94, meaning in the long run the average amount won is $0.94 per raffel ticket The expected value is -$9.05. In the long run the average amount lost per raffle ticket would be $9.05. O The expected value is $0.77, meaning in the long run the average amount won is $0.77 per raffel ticket O The expected value is -$9.23. In the long run the average amount lost per raffle ticket would be $9.23.

A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of $25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each. Round 2 decimal places. The expected value is $0.94, meaning in the long run the average amount won is $0.94 per raffel ticket The expected value is -$9.05. In the long run the average amount lost per raffle ticket would be $9.05. O The expected value is $0.77, meaning in the long run the average amount won is $0.77 per raffel ticket O The expected value is -$9.23. In the long run the average amount lost per raffle ticket would be $9.23.

MATLAB: An Introduction with Applications
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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Question 13 A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of $25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each. Round 2 decimal places. The expected value is $0.94, meaning in the long run the average amount won is $0.94 per raffel ticket The expected value is -$9.05. In the long run the average amount lost per raffle ticket would be $9.05. The expected value is $0.77, meaning in the long run the average amount won is $0.77 per raffel ticket The expected value is -$9.23. In the long run the average amount lost per raffle ticket would be $9.23. Question 14 According to the National Telecommunication and Information Administration, 67.0% of U.S. households owned a computer in 2004. Suppose in 2004 Apple sent out researchers and each survey a random sample of 200 homes. Which of the following would be expected about their findings: The mean and standard deviation cannot be calculated since owning a computer is categorical variable On average, 66 homes don't own a computer with a standard deviation of 11.65 homes. On average, 134 homes own a computer with a standard deviation of 11.65 homes. On average, 134 homes own a computer with a standard deviation of 6.65 homes.
Transcribed Image Text:Question 13 A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of $25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each. Round 2 decimal places. The expected value is $0.94, meaning in the long run the average amount won is $0.94 per raffel ticket The expected value is -$9.05. In the long run the average amount lost per raffle ticket would be $9.05. The expected value is $0.77, meaning in the long run the average amount won is $0.77 per raffel ticket The expected value is -$9.23. In the long run the average amount lost per raffle ticket would be $9.23. Question 14 According to the National Telecommunication and Information Administration, 67.0% of U.S. households owned a computer in 2004. Suppose in 2004 Apple sent out researchers and each survey a random sample of 200 homes. Which of the following would be expected about their findings: The mean and standard deviation cannot be calculated since owning a computer is categorical variable On average, 66 homes don't own a computer with a standard deviation of 11.65 homes. On average, 134 homes own a computer with a standard deviation of 11.65 homes. On average, 134 homes own a computer with a standard deviation of 6.65 homes.
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