Lottery Prizes A lottery offers one $900 prize, two $500 prizes, two $400 prizes, and four $100 prizes. Onethousand tickets are sold at $6 each. Find the expectation if a person buys two tickets. Assume that the player'sticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimalplaces for currency problems.The expectation if a person buys two tickets isdollar(s).0LEVQUOFI

Given that A lottery offers one $900 prize, two $500 prizes, two $400 prizes, and four $100 prizes.…

Answered: Lottery Prizes A lottery offers one…

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

1 30% of $40 is $
Answer this probability question and show complete solution. Box final answer.
R5
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 800 tickets. There is one $2,000 grand prize, three $400 second prizes, and sixteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $ 5.6 Hint: Hint
D The chances of winning are often written in terms of odds rather than probabilities. The odds of winning is the ratio of the number of successful outcomes to the number of unsuccessful outcomes. The odds of losing is the ratio of the number of unsuccessful outcomes to the number of successful outcomes. For example, if the number of successful outcomes is 2 and the number of 2 unsuccessful outcomes is 3, the odds of winning are 2:3 (read "2 to 3") or. A card is picked at random from a standard deck of 52 playing cards. Find the odds that it is a spade. new an example Ask my instructor ✓ The odds that it is a spade are (Simplify your answer) PBSC A&P 2 Lapptx A 3 E D F с $ 4 R F 2 V PBSC A&P 2 Lapptx %6 5 T G B 6 MacBook Air Y H 7 PBSC A&P 2 La...pptx N 17 U J 8 M FALL F I ( 9 K PBSC A&P 2 La...pptx ** O O L command P 1 - Clear all : ; t { option ? I 11 I Check answer Show All *** 1 delete retu
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 500 tickets. There is one $3,000 grand prize, three $300 second prizes, and sixteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $4
Each spin costs $2. If the spinner lands on C the player wins a dime, if the spinner stops on A the player wins $9 otherwise the player wins nothing. Calculate the players expected winnings. Express your answer to at least three decimal places in dollar form.. Answer: $ 3/11 A 4/11 B D C 2/11 2/11
Please do not give solution in image format thanku
Directions: Solve the given problem. Show your solutions. Of all the registered automobiles in Colorado, 8% fail the state emissions test. Twelve automobiles are elected at random to undergo an emissions test. a. Find the probability that exactly four of them fail the test. b. Find the probability that fewer than four of them fail the test. c. Find the probability that more than three of them fail the test.
Your friend makes up a game to play over Zoom during the shelter in place, and asks if you would like to play. The rules are: You win $8 if you roll a 6. You win $4 if you roll a 4 or 5 Otherwise, you have to pay $10. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. The first value is filled in for you. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) -10 b. Find the expected profit. $ (Round to the nearest cent)c. Interpret the expected value. You will win this much if you play a game. This is the most likely amount of money you will win. If you play many games, on average, you will likely win, or lose if negative, close to this amount.

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