Homework Help is Here – Start Your Trial Now!
Math
Statistics
Maitreyi loves playing online video games. The game offers players various digital loot boxes that give players a chance to win items that can be used in the game. The players can use currency earned within the game to buy these loot boxes. The prizes can be used by the player or sold to other players in the game. If she spends 150 coins to buy a loot box there is a 1 in 3000 chance she wins a prize worth 5,000 coins, a 377 in 3000 chance she wins a prize worth 450 coins or she just wins a prize worth 150 coins. S7SACS22Q1VC 1. Create a discrete probability distribution for the value of the prize won. Coins Probability 2. What is the probability she wins a prize worth 150 coins? Note: ok to leave as an unreduced fraction 3. Find the expected value of a loot box she spent 150 coins on. 4. Interpret the expected value found in part 3.

Maitreyi loves playing online video games. The game offers players various digital loot boxes that give players a chance to win items that can be used in the game. The players can use currency earned within the game to buy these loot boxes. The prizes can be used by the player or sold to other players in the game. If she spends 150 coins to buy a loot box there is a 1 in 3000 chance she wins a prize worth 5,000 coins, a 377 in 3000 chance she wins a prize worth 450 coins or she just wins a prize worth 150 coins. S7SACS22Q1VC 1. Create a discrete probability distribution for the value of the prize won. Coins Probability 2. What is the probability she wins a prize worth 150 coins? Note: ok to leave as an unreduced fraction 3. Find the expected value of a loot box she spent 150 coins on. 4. Interpret the expected value found in part 3.

MATLAB: An Introduction with Applications
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
icon
Related questions
Question

Please answer all of the question in the picture and show your work please.

Directions: Type all of your work out OR complete on a separate sheet of paper, take a picture of it, and upload the image. Maitreyi loves playing online video games. The game offers players various digital loot boxes that give players a chance to win items that can be used in the game. The players can use currency earned within the game to buy these loot boxes. The prizes can be used by the player or sold to other players in the game. If she spends 150 coins to buy a loot box there is a 1 in 3000 chance she wins a prize worth 5,000 coins, a 377 in 3000 chance she wins a prize worth 450 coins or she just wins a prize worth 150 coins. S7SACS22Q1VC 1. Create a discrete probability distribution for the value of the prize won. Coins Probability 2. What is the probability she wins a prize worth 150 coins? Note: ok to leave as an unreduced fraction 3. Find the expected value of a loot box she spent 150 coins on. 4. Interpret the expected value found in part 3.
Transcribed Image Text:Directions: Type all of your work out OR complete on a separate sheet of paper, take a picture of it, and upload the image. Maitreyi loves playing online video games. The game offers players various digital loot boxes that give players a chance to win items that can be used in the game. The players can use currency earned within the game to buy these loot boxes. The prizes can be used by the player or sold to other players in the game. If she spends 150 coins to buy a loot box there is a 1 in 3000 chance she wins a prize worth 5,000 coins, a 377 in 3000 chance she wins a prize worth 450 coins or she just wins a prize worth 150 coins. S7SACS22Q1VC 1. Create a discrete probability distribution for the value of the prize won. Coins Probability 2. What is the probability she wins a prize worth 150 coins? Note: ok to leave as an unreduced fraction 3. Find the expected value of a loot box she spent 150 coins on. 4. Interpret the expected value found in part 3.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
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