okFor a multistate lottery, the following probabilitydistribution represents the cash prizes of the lotterywith their corresponding probabilities. Complete parts(a) through (c) below.x (cash prize, $)Grand prize200,00010,000P(x)0.00000000552nch0.000000250.0000015731000.0001480450.0036164640.0073317970.011272490.97762937548Contents-Successedia Library(a) If the grand prize is $17,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is your expected profit from one ticket?se OptionsThe expected cash prize is $- (Round to the nearest cent as needed.)ionsToolsClear allCheck answerstive Anato....docx

The expected value provide the average information of the probability distribution function. It is…

Answered: For a multistate lottery, the following…

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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A university conducted a survey of 377 undergraduate students regarding satisfaction with student government. Results of the survey are shown in the table by class rank. Complete parts (a) through (d) below. Click the icon to view the table. ..... (a) If a survey participant is selected at random, what is the probability that he or she is satisfied with student government? P(satisfied) = (Round to three decimal places as needed.) Data Table (b) If a survey participant is selected at random, what is the probability that he or she is a junior? P(junior) = (Round to three decimal places as needed.) %D Freshman Total Sophomore 47 Junior Senior Satisfied 59 63 64 233 (c) If a survey participant is selected at random, what is the probability that he or she is satisfied and a junior? Neutral 22 15 14 15 66 Not satisfied 19 22 16 21 78 P(satisfied and junior) = Total 100 84 93 100 377 %3D (Round to three decimal places as needed.) (d) If a survey participant is selected at random, what is the…
Let X = {Email, In Person, Instant Message, Text Message}; P(Email) = 0.06 P(In Person) = 0.55 P(Instant Message) = 0.24 P(Text Message) = 0.15 Is this model a probability distribution? A. Yes. B. No. C. Maybe.
Compute the indicated probabilities by referring to the probability tree. 0.4 0.2 M 0.6 (A) P(Mns) (B) P(R) 0.6 R 0.8 0.4 (A) P(MnS) = (Type an integer or a decimal.) %3D In
A local forest contains a population of 10,000 deer. Scientists capture, tag, and release 500 of those deer. What is the probability that 10 of the 100 deer sampled are previously tagged? (Round to four decimal places.)
Complete the following probability distribution table: Probability Distribution Table P(X) - 6 7 0.2 14 0.1 55 0.3
Spectrum provides cable television and internet service to millions of customers. Suppose that the management of Spectrum subjectively assesses a probability distribution for the number of new subscribers next year in the state of New York as follows. f(x) 100,000 0.05 200,000 0.20 300,000 0.25 400,000 0.35 500,000 0.10 600,000 0.05 (a) Is this probability distribution valid? Explain. This probability distribution ---Select--- valid because ---Select--- | for x = 100,000, 200,000, 300,000, 400,000, 500,000, 600,000. Also, f(x) (b) What is the probability Spectrum will obtain more than 400,000 new subscribers? (c) What is the probability Spectrum will obtain fewer than 200,000 new subscribers?
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 %?
Calculate the probability of 3 or 4 based on the following probability distribution. 1 4 p(x) 0.2 0.1 0.3 0.8 O0.6 O 0.7 er
what probability value would be needed to complete the following probability distribution? X -2 -1 0 1 2 P(X) 0.13 0.14 0.16 0.29

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