In a game of chance, you have 0.1 probability of winning $100 and a 0.9 probability of losing $20. What is the expected value of your gain?
Q: Supposed a certain game is fair and costs $6 if you lose and has a net payoff of $9 if you win. The…
A: To find: What is the probability of winning?
Q: lisa plays a game in which there are only two outcomes. the cost to play the game is 100$. if she…
A: The objective of this question is to calculate the expected value of a single game that Lisa plays.…
Q: In a game, you have a 1/43 probability of winning $142 and a 42/43 probability of losing $6. What is…
A: The probability of winning $142 is 1/43 and the probability of losing $6 is 42/43.
Q: A charity organization is holding a raffle. Each ticket costs $14. One winner will win $1500, two…
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Q: You are helping your parents decorate for Christmas. There is a box of 20 light bulbs, and the…
A: Binomial distribution is discrete distribution that deals with the probabilities of success and…
Q: You pay $10 to play the following game of chance. There is a bag containing 12 balls, five are red,…
A: Given problem Given that You pay $10 to play the following game of chance. There is a bag…
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A: Given Data: P( First one records)=0.7 P( First one does not record)=1-0.7=0.3 P( Second one…
Q: You are playing a game by flipping a fair coin. You will win the game as soon as you get a tail.…
A: let X be the number of trials until the first success. X~Geop The probability density function of X…
Q: Rob Lee knows that he can compete successfully in a single track mountain bike race unless he gets a…
A: Let F - getting a flat B - chain breaking P(F) = 0.3 P(B) = 0.05 P(F and B) = 0.01
Q: For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You…
A: Probability: Probability is the measurement of the probability that an event will occur in a Random…
Q: At a school, a survey found that 82% of the students like to watch action movies or play video…
A: Let A: like to watch action movies B: like to play video games Given that, At a school, a survey…
Q: You buy a single raffle ticket for $10 for a chance to win a $500 jackpot. The raffle sells 200…
A: It is needed to give $10 to buy a ticket and once can win $500 as a jackpot.
Q: In the game of craps, two dice are rolled and people bet on the outcome. For example you can bet one…
A: Given information Two dice is rolled One dollar that the dice will total 11 Probability of winning =…
Q: Charlie fills out six applications. What is the probability that none of the companies calls her for…
A: here given 28% chance of getting job interview if she fills out an application p =.28 q = 1-p = 0.72…
Q: Chipper is practicing pitching a baseball. He can hit the target an average of 65% of the time.…
A: We have given that Success of probability p=65%=0.65 Number of trials n=4 , x=3 We use binomial…
Q: lisa plays a game in which there are only two outcomes. the cost to play the game is 100$. if she…
A: Expected value = Probability of winning * won amount - Probability of losing * lose amount Expected…
Q: There is a 72% chance you will be able to get tickets to a concert to see your favorite band in the…
A: Given problem Given that There is a 72% chance you will be able to get tickets to a concert to…
Q: regional automobile dealership sent out fliers to prospective customers indicating that they had…
A: From the part b and c we get.
Q: Color blindness has a rate of about 5% among males. If you pick a group of 15 males, what is the…
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Q: Supposed a certain game is fair and costs $10 if you lose and has a net payoff of $9 if you win. The…
A:
Q: A raffle costs $5 to play. You have 20% chance of winning $20, otherwise you lose. What is the…
A: Given information: The percentage of winning $20 is 20%. P(winning)=20%=0.20 P(loosing)=1-0.2=0.8 A…
Q: Donald is watching an old game show rerun on television called Let’s Make a Deal in which the…
A: Given data Gag prize = $120 World trip = $8100 Probability of choosing a gag price = 0.75 x…
Q: When you go grocery shopping, you take note of the color of the car that is parked next to you on…
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Q: Imagine you are betting on a horse race. Say you bet on horse #3 to win first place and horse #12 to…
A: Given that there are 20 horses. The first horse can be selected in 20 ways and the second horse can…
Q: The Cyclones play Baylor on Tuesday. If the odds for the Cyclones winning are 7:2, what is the…
A: The odds for the Cyclones winning are 7:2
Q: The probability that your classmate likes ice cream is 80%. And the probabability that they like…
A: Given: The probability that your classmate likes ice cream is 80%. And the probability that they…
Q: The probability that your classmate likes ice cream is 100%. And the probabability that they like…
A:
Q: A company produces products at a cost of $30 each. Defective products cost an additional $16 each to…
A: Given that:The probability of no defective products is 80%=0.805% of 600=0.05×600=30. So the…
Q: Suppose you want to play a carnival game that costs 5 dollars each time you play. If you win, you…
A: The ticket cost of the game is 5 dollars.
Q: When you wake up in the morning and decide to go to class to learn something what type of…
A: In this case, we need to identify the type of probability.
Q: fifty five percent of US household say they would feel secure if they had $50,000 in savings. you…
A: Let us denote X=the number of US households who would feel secure if they had $50000 in savings…
Q: the sales manager knows that 36% of his clients do not pay their debts in full. He supposes that he…
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Q: Mary is playing a game where she flips a coin with probability of head = p. She wins $1 if the coins…
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Q: Jeannie took a week's vacation from school and never made up the work. She is guessing answers on a…
A: If each trial has only two possible outcomes, that is, success and failure, the probabilities of…
Q: A game has an expected value to you of -$0.50. It costs $2 to play, but if you win, you receive $20…
A: Suppose the random variable x denotes the net amount gained from the game.
Q: Suppose you are playing a game of chance if you get $5 on a certain event you will collect $115…
A: In this context, the winning price is $115 (including $5 bet). Therefore, the net winning price is…
Q: |cherry |grape lime gum 21 35 19 75 Taffy 19 15 26 60 40 50 45 135
A: Given information: A data regarding a sample of candies is provided as: Cherry grape lime…
Q: Noime wants to wear something warm when she leaves for class. She reaches into her coat closet…
A:
Q: An electronics store expects to have ten returns per day on average. The manager wants to know the…
A: An electronics store expects to have ten returns per day on average. A random variable…
Q: At a carnival game, the chance of winning a prize is 0.45. Kylee plays the game 3 times. Using the…
A:
Q: An insurance company sells a $9,000, seven-year term life insurance policy to an individual for…
A: Given: Probability that the individual will live for the next seven years =0.96 Probability that the…
In a game of chance, you have 0.1
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- ABC garage replaces brakes and shocks. Eighty-five percent of the automobiles that come in need new brakes and 35% need shocks. An automobile is brought in. What is the probability that the automobile needs both brakes and shocks?A basketball player has a free throw percentage of 98%. What is the probability he misses at least one of his next 20 free throws?Approximately 18% of shoppers used cellphones to look for deals. THe probability of making a purchase was 0.45 if a person used a cell phone to shop. For a randomly selected shoppers, what is the probability that the person used a cell phone and made a purchase?
- Dash and Lily Corporation wanted to raise funds for the poor. The first prize for a raffle is S500,000 (with a probability of 0.001) and the second prize is S250,000 (with a probability of0.003). What is a fair price to pay for a single ticket in this raffle?The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency donated the cruise, valued at $2000. The students sold 2374 raffle tickets at $5 per ticket. Kevin bought thirty-four tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean? (Round your answer to five decimal places.)What is the probability that Kevin will not win the cruise? (Round your answer to five decimal places.) Expected earnings can be found by multiplying the value of the cruise by the probability that Kevin will win. What are Kevin's expected earnings? (Round your answer to two decimal places.)$ Is this more or less than the amount Kevin paid for the thirty-four tickets? How much did Kevin effectively contribute to the Samaritan Center for the Homeless? (Round your answer to two decimal places.)$Diet Dr.Pepper is going old school and putting a "Free DP" notification under 10% of their 20-oz bottle caps. If I purchase a 6-pack of 20-oz bottles, what is the probability that I win at least two free drpeppers?
- Jason flips a coin and it lands on head. He flips the coin again. What is the probability that it will land on heads?A daycare provider has determined that 80% of the children in her care develop colds each winter. This year there are 40 children at the daycare. What is the probability that fewer than 30 children will develops colds this winter? Please explain. Options A. 0.2148 B. 0.2852 C. 0.5704 D. 0.4297Answer sub part D
- In the World Cup Soccer Match, the average is 2.7 goals per game. In a particular game, What is the probability of having more than 3 goals?Rodney is going to shoot a total of 9 free-throws to prove he is a better shooter than Chris. During warm-ups Rodney can make 57% of practice shots. The challenge results are as follows… • 9 hits Rodney wins $100 • 6-8 hits Rodney wins $25 • 4-5 No one wins • 0-3 hits Chris wins $15 What is the probability that Rodney makes 7 shot?Three hunters shoot at the wolf. They hit the wolf with the probabilities of 0.8,0.2, and 0.4, respectively. Find the probability that only one hunter hit the wolf.