For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below. For 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 prizeP(x)0.00000000771200,0000.0000003410,0000.0000018771000.00016739770.00582282540.00706071330.013146260.97380058029Un average, you will win Du.32 per ioltery ticket.C. On average, you will profit $0.32 per lottery ticket.The expected profit from one $1 ticket is $ -0.68(b) To the nearest million, how much should the grand prize be so that you can expect a profit?$

From the image, we can form a proper table of x and P(x), x (cash prize in dollars) P(x) Grand…

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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For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below.

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The percentage distribution of the number of occupants invehicles crossing the Tacoma Narrows Bridge in Washington is shown in the pie chart.Find each probability. (Source: Washington State Department of Transportation.)(a) Randomly selecting a car with two occupants(b) randomly selecting a car with two or more occupants(c) Randomly selecting a car with between two and five occupants,inclusive One = 55.5% Two = 29.8% Three = 7.6% Four = 4.7% Five = 1.4% Six or more = 1%
In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below. Purchased Gum 26 Kept the Money Students Given Four Quarters Students Given a $1 Bill 16 14 31 a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters. The probability is (Round to three decimal places as needed.)
A poker hand consists of five cards randomly dealt from a standard deck of 52 cards. The order of the cards does not matter. Determine the following probabilities for a 5-card poker hand. Write your answers in percent form, rounded to 4 decimal places. Determine the probability that exactly 3 of these cards are Aces. Answer: Determine the probability that all five of these cards are Spades. Answer: Determine the probability that exactly 3 of these cards are face cards. Answer: Determine the probability of selecting exactly 2 Aces and exactly 2 Kings Answer: Determine the probability of selecting exactly 1 Jack. Answer: B
8. A basketball player has a free throw percentage of 80%. He was fouled while attempting a three-point shot and will be shooting 3 free throws. Make a probability distribution for the number of shots he makes. a. List all possible outcomes: b. List all events; in this case, what are the possible numbers of shots made? c. Find the probability of each event and display the probabilities in the table: Event Probability of Event Total
In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below. Purchased Gum Kept the Money Students Given Four Quarters 34 16 Students Given a $1 Bill 15 31 a. Find the probability of randomly selecting a student who spent the money, given that the student was given a $1 bill. The probability is . (Round to three decimal places as needed.) b. Find the probability of randomly selecting a student who kept the money, given that the student was given a $1 bill. The probability isO: (Round to three decimal places as needed.) c. What do the preceding results suggest? O A. A student given a $1 bill is more likely to have spent the money than a student given four quarters. O B. A student given a $1 bill is more likely to have kept the money than a student given four quarters. OC. A student given a $1 bill is more likely to have kept the…
In general after group makes a reservation in a restaurant they do not show up 20% of the time. If a restaurant has six reservations for the evening, what is the probability that exactly 2 do not show up?
In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below. Purchased Gum Kept the Money a Students Given Four Quarters Students Given a $1 Bill 34 15 18 35 a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters. The probability is (Round to three decimal places as needed.) b. Find the probability of randomly selecting a student who spent the money, given that the student was given a $1 bill. The probability is (Round to three decimal places as needed.) c. What do the preceding results suggest? O A. Astudent given four quarters is more likely to have spent the money than a student given a $1 bill. O B. A student given a $1 bill is more likely to have spent the money than a student given four quarters. OC. A student was more likely to be given four quarters than a…
In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below. Purchased Gum Kept the Money Students Given Four Quarters Students Given a $1 Bill 26 11 16 28 a. Find the probability of randomly selecting a student who spent the money, given that the student was given four quarters. The probability is (Round to three decimal places as needed.) b. Find the probability of randomly selecting a student who kept the money given that the student was given four quárters. Gr The probability is (Round to three decimal places as needed.) c. What do the preceding results suggest? se OA. Astudent given four quarters is more likely to have kept the money than a student given a $1 bill. see OB. Astudent given four quarters is more likely to have spent the money. KDC. Astudent given four quarters is more likely to have kept the money. see se O D. A…
The table below shows the probability of winning 0-5 dollars playing a game. Amount Won ($) 0 1 2 3 4 5 Probability 4/24 7/24 7/24 3/24 2/24 1/24 The stallholder charges $2.50 for each playing of the game. How much money can the stallholder expect to make for the charity on a day when there are 400 plays of the game?
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.
In an experiment, college students were given either four quarters or a $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts (a) through (c) below. Students Given Four Quarters Students Given a $1 Bill Purchased Gum 33 13 Kept the Money 18 31 a. Find the probability of randomly selecting a student who spent the money, given that the student was given a $1 bill. The probability is (Round to three decimal places as needed.) b. Find the probability of randomly selecting a student who kept the money, given that the student was given a $1 bill. The probability is (Round to three decimal places as needed.) c. What do the preceding results suggest? O A. A student given a $1 bill is more likely to have kept the money. O B. A student given a $1 bill is more likely to have spent the money. O C. A student given a $1 bill is more likely to have spent the money than a student given four quarters. O D. A student given a $1 bill is…
A table, formula, or graph that shows all possible countable values a random variable can assume, together with their associated probabilities, is called a: Select one: a. discrete probability distribution. b. continuous probability distribution. c. bivariate probability distribution. d. probability tree.

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