(Fill in the blank below and give your answer as a whole number.) 1 chance of winning $600(with a- 9 The mean payoff of a chance of winning $0) is $ 10 10
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Q: Which do you choose? Lose $900 for sure OR 90% chance to lose $1,000
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- Solve this question with steps please. The subject is basic probability and statistics. Math 105Please give solution in correct and detailed format thanku The probability that a visitor's first ride at a theme park will be the roundabout or the pirate ship is 20%+0.42 Work out this probability as a decimal.discrete math
- MATH PROBABILITY AND STATISTICS, PLEASE ANSWER JUST IN 10 MINUTES, NOT ANYMORE In a certain region of the country it is known that 7% of the population has a certain type of cancer. If the probability of a doctor correctly diagnosing a person with this cancer as having the disease is 0.96 (correct positive), and the probability of incorrectly diagnosing a person without cancer as having the disease is 0.07 (false positive), what is the probability that a person diagnosed as having cancer actually has the disease?Analyze and solve the problem A fair six-sided die is tossed. It costs P100 to play this gambling game. You win P300 if the outcome is a perfect square number, but for all other outcomes, you lose your bet. What is the expected net winning?The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 800 tickets. There is one $2,000 grand prize, three $400 second prizes, and sixteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $ 5.6 Hint: Hint
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- How to solve?Solve the problem. n The National Center for Health Statistics has found that there is a 0.41% chance that an American citizen will die from falling. What is the probability that you will not die from a fall? (Round to the nearest hundredth of a percent)At a county fair, the chance of winning a game is 5% and the prize is a huge stuffed animal. Does that mean that if you play the game 100 times, you will win five of those huge stuffed animals? Explain your thinking.