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)
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Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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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  %?

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.
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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