An officer of the state lottery commission has sampled lottery ticket purchasers over a 1-week period at one location. The amounts distributed back to the purchasers and the associated probabilities for 5000 tickets are as follows: Distribution, $ 0 2 5 10 100 Probability 0.9 0.055 0.025 0.013 0.007 If a ticket costs $5, estimate the chances of receiving more than the cost of the ticket. The chances of receiving more than the cost of the ticket are %?
An officer of the state lottery commission has sampled lottery ticket purchasers over a 1-week period at one location. The amounts distributed back to the purchasers and the associated probabilities for 5000 tickets are as follows: Distribution, $ 0 2 5 10 100 Probability 0.9 0.055 0.025 0.013 0.007 If a ticket costs $5, estimate the chances of receiving more than the cost of the ticket. The chances of receiving more than the cost of the ticket are %?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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An officer of the state lottery commission has sampled lottery ticket purchasers over a 1-week period at one location. The amounts distributed back to the purchasers and the associated probabilities for 5000 tickets are as follows:
| Distribution, $ | 0 | 2 | 5 | 10 | 100 |
| Probability | 0.9 | 0.055 | 0.025 | 0.013 | 0.007 |
If a ticket costs $5, estimate the chances of receiving more than the cost of the ticket.
The chances of receiving more than the cost of the ticket are %?
Transcribed Image Text:Required information
An officer of the state lottery commission has sampled lottery ticket
purchasers over a 1-week period at one location. The amounts
distributed back to the purchasers and the associated probabilities
for 5000 tickets are as follows:
Distribution, $O
Probability
2
0.055
10
100
0.007
0.9
0.025
0.013
NOTE: This is a multi-part question. Once an answer is submitted,
you will be unable to return to this part.
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