One thousand raffle tickets are sold at P100 each for a prize of a colored television values at P15,000. What is the expected value of the gain if a person purchases one ticket?
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: 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: According to the provided information, the number of tickets they will sell is 900 and the cost for…
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 trail mix contains a mixture of nuts: pecans, walnuts, hazelnuts, and peanuts. If the probability…
A: A trail mix contains a mixture of nuts: pecans, walnuts, hazelnuts, and peanuts.we know,P( reaching…
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…
A:
Q: A local flower shop is selling $1 raffle tickets and is donating all proceeds to the children's…
A: The total income generate from the raffle tickets sold is $5500 Gifts are : 20 flower =$70…
Q: Camila sets up a passcode on her smart phone, which allows only five-digit codes. She has heard that…
A: Given : The passcode consists of 5 digits Out of 5 digits one digit appeared 2 times (because…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: It is requested to calculate the expected profit for one ticket. Cost of one ticket = $ 8 Total…
Q: if i have a 73.8 average in math, and I get a 30% mark in my last test, what we
A: Introduction: a number obtained by multiplying two or more quantities and then dividing the total by…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that selling tickets for $8 each and will sell 800 tickets And There is one $2,000 grand…
Q: 50 raffle tickets were sold for $5 apiece, with a chance to win a flat screen TV values at $700.…
A: The price can be won only one of the ticket out of 250 raffle tickets So, P(win) =1250P(Loss) =…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given There is one $2,000 grand prize, three $300 second prizes, and fifteen $10 third prizes. You…
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:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: In a certain Algebra 2 class of 29 students, 7 of them play basketball and 14 of them play baseball.…
A: Number of students play basketball=7 Number of students play base ball=14 Number of students play…
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: $10 each and sell 800 tickets one $1000 ground prize four $ 200-second prize fifteen $20…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The cost of selling one ticket is $6.The student council sold 700 tickets.There is one $ 3000 grand…
Q: An appliance store sells additional warranties on its refrigerators. twenty percent of the buyers…
A: We have given following information: of buyers buy the limited warranty for . of buyers buy the…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: Suppose you are producing an outdoor festival. You estimate that you will make $300000 if it does…
A: We have to find what are expected earnings for the festival.
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,Price of each ticket = $9Total number of tickets = 600And there is one $2,000 grand prize, two…
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: The cost of a single ticket is $6. Total tickets are 700.There are 1 prize with $1,000, 3 prizes…
Q: You just bought one ticket. Find the expected value for your profit
A: here given, The student council is hosting a drawing to raise money for scholarships. They are…
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: Given problem 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: Expected value: The expected value of a random variable is the sum of the possible values that the…
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given selling tickets for $9 each and will sell 500 tickets. one $2,000 grand prize three $200…
Step by step
Solved in 2 steps with 2 images
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 500 tickets. There is one $3,000 grand prize, three $400 second prizes, and fifteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 500 tickets. There is one $1,000 grand prize, four $400 second prizes, and eighteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.$One thousand raffle tickets are sold at P100 each for a prize of a colored television values at P15,000. What is the expected value of the gain if a person purchases one ticket?
- One thousand tickets are sold at P150 each for a color television valued at P54,000. What is the expected value of the gain if you purchase one ticket?Find P if R=30% and B=200202020%20(2).pdf Bb Blackboard WhatsApp G grammarly unemploymer Student Center | 9 / 13. Employees at a construction and mining company claim that the mean salary of the company for mechanical engineers is less than that one of its competitors at $ 90,000. A random sample of 25 for the company's mechanical engineers has a mean salary of %2485,000. Assume the population standard deviation is $ 6500 and the population is normally distributed. Find H0 and H1. Solve Mathematical (1).pdf Binomial 24-Nov-2..pdf FDF PDF
- An insurance company sells a $12,000, five-year term life insurance policy to an individual for $640. Find the expected return for the company if the probability the individual will live for the next five years is 0.98. (Round your answer to the nearest cent.) (Don't Hand writing in solution) .Suppose you are producing an outdoor festival. You estimate that you will make $100000 if it does not rain and make $50000 if it does rain. The weather bureau predicts that the chance of rain is 35% for the day of the concert. What are your expected earnings for the festival?The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
- 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. $4The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 600 tickets. There is one $3,000 grand prize, four $400 second prizes, and eighteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 500 tickets. There is one $2,000 grand prize, three $400 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.