In a charity raffle, players pay $10 for a ticket. Out of each batch of 500 tickets, 1 ticket wins $1000, 6 win $100, and 20 of them win $20. The remaining tickets have no prize awarded. What is the expected value to the player that purchases one of these tickets?
a) In a charity raffle, players pay $10 for a ticket. Out of each batch of 500 tickets, 1 ticket wins $1000, 6 win $100, and 20 of them win $20. The remaining tickets have no prize awarded. What is the
b) The Jackson family is going on a 10-day vacation to a tropical island that has a 33% chance of rain on any given day. What is the probability that they enjoy the entire vacation and have no rainy days?
c) A population has mean 75 and standard deviation 12. Random
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