Lottery Prizes A lottery offers one $800 prize, one $600 Prize, two $400 prizes, and four $200 prizes. One thousand tickets are sold at $6 each. Find the expectation if a person buys five tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Expected value- The expected value is predicted future value of an event taking place in the…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: From the provided information, the total number of tickets they will sell = 700. So,

Q: A quick quiz consists of a multiple-choice question with 5 possible answers followed by a true/false…

A: Given dataMultiple choice questions with 5 possible answers followed by a true and false5 possible…

Q: The probability that a spark plug is defective is 35%. Suppose that a person buys 7 spark plugs.…

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Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

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Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given data: The cost of a ticket is C=$7. The total numbers of the ticket are n=900. The amount of…

Q: e costs 20$ to buy in. You have a 20% chance to win 100 dollars, 30% chance to break even, 25%…

A: Break even mean that there is no profit no loss that is one get the amount equal to the cost. There…

Q: You roll two dice. Find: P(the sum is 7 | neither die came up 6). Express your answer as a decimal,…

A: The experiment is rolled two dice. The event A is the sum is 7 The event B is neither die came up 6…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

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Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given information- We have given that the student council is hosting a drawing to raise money for…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: From the given information we want to find expected value of profit.

Q: The company can expect to pay out $ (Type an integer or a decimal.) over the year after the policies…

A: here given , An insurance company has written 50 policies for $90,000, 100 policies for $30,000, and…

Q: An investment opportunity has two possible outcomes. One outcome yields a $150 payoff and has a…

A: Given, Payoff of $150 with a probability of 0.3 Payoff of $50 with a probability of 0.7

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $912, the second ticket drawn wins $481,…

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Q: A charity organization is selling $4 raffle tickets as part of a fund raising program. They are…

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Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

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Q: Allie plays on the varsity basketball team and makes 79% of her free throws. If she takes 12 shots,…

A: Given : p = 0.79 q = 1 - p = 1 - 0.79 = 0.21 n = 12 we have find P(x = 8) here, x follow a binomial…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: We have to find expected value.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given: $10 each and sell 800 tickets one $1000 ground prize four $ 200-second prize fifteen $20…

Q: Zoom a. Find the probability of randomly selecting a student who spent the money, given that the…

A: Given :     purchased gum kept the money Total students given four quarter 28 18 46…

Q: Use a calculator and evaluate A to the nearest cent. A=$6,000 0.05 for t= 3, 5, and 10 If t= 3, A…

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Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given information- We have given that the student council is hosting a drawing to raise money for…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given: The student council is hosting a drawing to raise money for scholarships. Cost of one ticket…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: We can create a table for the given data, Price (X) no. Of tickets (f) 2000 1 400 2 20 11…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given, selling tickets for $7  Number of tickets sold for each = 600

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given, Total tickets =800 Given data can be represented as below table. Cost of Ticket Prize…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: There are 700 tickets, where price of each ticket is $6.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Expected value: The expected value of a random variable is the sum of the possible values that the…

Q: If the lottery costs $1 per ticket, what is the expected net cash if you buy one ticket?  Please…

A: The expected winning amount is given by :   Price (in $)   ( xi ) Probability ( pi )…

Q: 3. A PC has two color options, white and gray. A customer demands the white PC with a probability of…

A: It is given that a PC has two colour options, white and gray.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

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