find the expected return on a $1 ticket. (Round your answer to two decimal places.) $
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Expected value- The expected value is predicted future value of an event taking place in the…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: According to the provided information, the number of tickets they will sell is 900 and the cost for…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: From the provided information, the total number of tickets they will sell = 700. So,
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A: Given dataMultiple choice questions with 5 possible answers followed by a true and false5 possible…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Expected value: The expected value of a random variable is the sum of the possible values that the…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given data: The cost of a ticket is C=$7. The total numbers of the ticket are n=900. The amount of…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: From the given information we want to find expected value of profit.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that selling tickets for $8 each and will sell 800 tickets And There is one $2,000 grand…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that, The student council is hosting a drawing to raise money for scholarships. They are…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: the expected value for your profit is $7
Q: Allie plays on the varsity basketball team and makes 79% of her free throws. If she takes 12 shots,…
A: Given : p = 0.79 q = 1 - p = 1 - 0.79 = 0.21 n = 12 we have find P(x = 8) here, x follow a binomial…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: What is the probability of randomly selecting a New service? New service Old service Totals Student…
A: Given that New service Old service Total Students 12 22 34 Professor 17 10 27 Total 29…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: A student takes a true-false test but did not study and randomly guesses each answer. There are 20…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: We have to find expected value.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given: $10 each and sell 800 tickets one $1000 ground prize four $ 200-second prize fifteen $20…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The cost of selling one ticket is $6.The student council sold 700 tickets.There is one $ 3000 grand…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: A $100.00 check that is cashed at a rate of $7.00, at what rate did you cash it?
A: Given that: Fee paid to cash a $100 = $7
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: Find the probability of this event. Enter each answer as a fraction in simplest form, as a decimal,…
A: To find the probability
Q: Mateo has a 9-question chemistry quiz and did not have time to study. If each question is…
A: Let x follows binomial distribution with parameters n = 9 and p = 1/5 = 0.2 The pdf of binomial…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given information- We have given that the student council is hosting a drawing to raise money for…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given: The student council is hosting a drawing to raise money for scholarships. Cost of one ticket…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: We can create a table for the given data, Price (X) no. Of tickets (f) 2000 1 400 2 20 11…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The cost of a single ticket is $6. Total tickets are 700.There are 1 prize with $1,000, 3 prizes…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that, Sell 600 tickets, $7 for each One $2000 grand prize Three $400 grand prize Twelve $10…
Q: A quick quiz consists of a true/false question followed by a multiple-choice question with 5…
A: Let us define some events A : the true/false questiom is correct. B : the multiple choice question…
Q: You just bought one ticket. Find the expected value for your profit
A: here given, The student council is hosting a drawing to raise money for scholarships. They are…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given, selling tickets for $7 Number of tickets sold for each = 600
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given, Total tickets =800 Given data can be represented as below table. Cost of Ticket Prize…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: There are 700 tickets, where price of each ticket is $6.
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given problem Given that The student council is hosting a drawing to raise money for…
Q: the student council is hosting a drawing to raise money for scholarships. they are selling tickets…
A: Given information- No. of lottery ticket sold = 500 Price of a lottery ticket = $8 The prizes are:…
Q: If the lottery costs $1 per ticket, what is the expected net cash if you buy one ticket? Please…
A: The expected winning amount is given by : Price (in $) ( xi ) Probability ( pi )…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given selling tickets for $9 each and will sell 500 tickets. one $2,000 grand prize three $200…
A lottery has a grand prize of $360,000, five runner-up prizes of $36,000 each, ten third-place prizes of $7200 each, and thirteen consolation prizes of $900 each. If 1,440,000 tickets are sold for $1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected return on a $1 ticket. (Round your answer to two decimal places.)
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- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $2,000 grand prize, two $200 second prizes, and twelve $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 900 tickets. There is one $2,000 grand prize, four $200 second prizes, and fifteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 500 tickets. There is one $3,000 grand prize, three $400 second prizes, and fifteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
- Show your solution step by stepThe student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 600 tickets. There is one $1,000 grand prize, three $200 second prizes, and thirteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 800 tickets. There is one $2,000 grand prize, two $500 second prizes, and eleven $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 500 tickets. There is one $3,000 grand prize, three $300 second prizes, and sixteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $4At bedtime, you read three books to your kids, Walker, Michael, and Luke. Together, they have 32 books. If you decide to randomly choose three books, what is the probability that the three you choose will consist of each of their favorite books? Assume they have different favorites. Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 600 tickets. There is one $3,000 grand prize, four $400 second prizes, and eighteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and eleven $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 500 tickets. There is one $2,000 grand prize, three $400 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
