Many states conduct lotteries; a typical lottery payoff ticket is shown here. Assume there are 20 numbers chosen from a set of 80 possible numbers. What is the expectation for a three spot game? Assume that the ticket cost $1. 3 Spot Game   MATCH PRIZE 3 $50 2 $5 a. $0.50 b. $-0.50 c. $0.78 d. $-0.39 e. $0.39

Q: Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a cash prize of…

A: We have given, Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a…

Q: The Florida lottery game Lotto is played by choosing six numbers from 1 to 53. If these numbers…

A: Given data: Game lotto is played by choosing numbers 1 to 53.

Q: A raffle offers a first prize of $1000, 2 second prizes of$300 each, and 20 third prizes of $10…

A: Given: A raffle offers a first prize of $1000, 2-second prizes of $300 each, and 20 third prizes of…

Q: In a​ state's Pick 3 lottery​ game, you pay ​$1.38 to select a sequence of three digits​ (from 0 to​…

A:

Q: A lottery offers one P400,000 prize, two P150,000 prizes, and four P25,000 prizes. Fifty thousand…

A:

Q: When playing American roulette, the croupier (attendant) spins a marble that lands in one of the 38…

A: From the given information, Consider, A be the event that shows the marbles land with the slot…

Q: You get to select one card at random from a standard deck of 52 cards. If you pick a club, you win…

A: There are 4 suites in a standard deck of cards.  Club , heart , spade, diamond.  Probability of…

Q: At a carnival, a game is played where you have the chance to win money drawing a ball from a bag.…

A:

Q: In a state's lottery, you can bet $4 by selecting three digits, each between 0 and 9 inclusive. If…

A: Step 1:(a) Number of different selections possibleEach selection consists of choosing three digits…

Q: Consider a game in which a fair die is rolled. If the die comes up 1, the player wins $4. If the die…

A: Expected amount is mean of the distribution  So we need to create a probability distribution table…

Q: Find the probability that none of the dice will show a 1. (Enter your probability as a fraction.)

A: The number of dice rolled are 3.

Q: An urn contains 3 one-dollar bills, 1 five-dollar bill, and 1 ten-dollar bill. A player draws bills…

A: Part (a) The urn contains 3 one-dollar bills, 1 five dollar bills and 1 ten dollar bills. Therefore,…

Q: A raffle offers one $8000.00 prize, one $4000.00 prize, and five $1600.00 prizes. There are 5000…

A: Given information: A raffle offers: one $8000.00 prize one $4000.00 prize five $1600.00 prizes The…

Q: A spinner game has a wheel with the numbers 1 through 15 marked in equally spaced slots. You pay $2…

A: The wheel consists numbers from 1 to 15. There are 7 even numbers and 8 odd numbers in the wheel.…

Q: Find the probability of winning second prize—that is, picking five of the six winning numbers—with a…

A: We can select any 6 numbers from 54 numbers in 54C6 ways. (this is the total number of ways)   We…

Q: American Roulette is a form of gambling where there are 38 total slots labeled 1 through 36 and 0…

A:

Q: A spinner game has a wheel with the numbers zero through 33 marked in equally spaced slots. Consider…

A: Given data: The total numbers on the wheel from 0 to 33 are n=34. The winning amount is W=$33. The…

Q: A group of students has a bag of candy. There are 3 Snickers bars, 2 Butterfingers, and 4 Baby…

A: Given that,The number of snickers bars are 3. The number of butterfingers are 2. The number of baby…

Q: A raffle is given by the Friends of the San Joaquin. They sell 100 tickets for $5 each. There is one…

A: Given: Number of ticket is 100 Price of each ticket is $5 One first price is $100 and two second…

Q: sing a standard 52-card deck, find the following robabilities. Leave your answer as a reduced…

A:

Q: A spinner game has a wheel with the numbers 1 through 21 marked in equally spaced slots. You pay $1…

A: From the given information, a spinner game has a wheel with numbers 1 to 21 marked with equally…

Q: In craps, if a player bets on a 5 coming up on the next roll, and the player is paid at net 8-to-1…

A: Given, player is paid at net 8-to-1 odd The net payoff on a $20 bet is $20 * 8 = $160

Q: Consider the attatched image a game of chance based on the spinner below: Each spin costs $2. If the…

A: Introduction: For a discrete random variable X, taking values X = x with probability mass function…

Q: Find the expected value of the psychic's profit by filling in the boxes below with you answers. Use…

A: Reviewing information, PBoy=0.51P(Girl)=0.49Cost=$20If psychic is wrong, he has to pay back $20

Q: Find the outcome of the bets in roulette, given the results listed: How much must you bet on a…

A: If there is a bet of  on a single number, then since it has got 35 odds against winning (35:1), if…

Q: The Florida lottery game Lotto is played by choosing six numbers from 1 to 53. If these numbers…

A: The Florida lottery game Lotto is played by choosing six numbers from 1 to 53. The table below shows…

Q: You draw a card from a deck. If you get a red​ card, you win nothing. If you get a​ spade, you win…

A: In a deck of cards, there are 26 reds, 13 spades, 1 ace of clubs, 12 other clubs. Given that  If you…

Q: A City of Quincy raffle offers one $800 prize, two $400 prizes and seven $100 prizes. Two thousand…

A: one $800 prize two $400 prizes seven $100 prizes. Two thousand tickets are sold at $50 each.

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.