For a multistate lottery, the following probabilitydistribution represents the cash prizes of the lotterywith their corresponding probabilities. Complete parts(a) through (c) below.(cash prize, $)Grand prizeP(x)0.000000006870.00000034200,00010,0000.0000018461000.00014668170.00440877740.00767165930.018471310.96929938013 The expected profit from one $1 ticket2$

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

See similar textbooks

Similar questions

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.)
Payoffs in this lottery are given by the following: p(x) $100 .15 $60 .25 $20 .10 $10 .30 $40 .20 a) Find this lottery's expected value b) Find the probability that a person will win more than $20.
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 group of realtors estimates that 23% of all homes purchased last year were considered investment properties. If a sample of 800 homes sold last year is obtained, what is the probability that between 175 and 200 homes are going to be used as investment property? Round to four decimal places. O A. 0.6863 B. 0.9099 OC. 0.2236 O D. 0.1335
A lottery offers one $1000 prize, one $500 prize, and two $50 prizes. One thousand tickets are sold at $4.00 each. Find the expectation if a person buys one ticket. Create a probability distribution as part of your answer.
The personnel director of Gadget Manufacturing Company has compiled the following table, which shows the percent of men and women employees who were absent the indicated number of days. Suppose there are as many women as men employees. Sex Absences (Days) Men Women 0 20% 20% 1–5 40% 20% 6–10 40% 20% 11 or more 0% 40% Total 100% 100% (a) Find the probability that an employee missed 6–10 days, given that the employee is a woman. (Enter your probability as a fraction.)(b) Find the probability that an employee is a woman, given that the employee missed 6–10 days. (Enter your probability as a fraction.)
Find the expected value of the winnings from a game that has the following payout probability distribution: Payout ($) 1 25 8 10 Probability 0.35 0.2 0.1 0.2 0.15 Expected Value = [?] Round to the nearest hundredth.

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

x (cash prize, $)	P(x)
Grand prize	0.00000000687
200000	0.00000034
10000	0.000001846
100	0.000146681
7	0.004408777
4	0.007671659
3	0.01847131
0	0.96929938013