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?
Q: For three consecutive years the tuition of an university increased by 14%, 11%, and 9%,…
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: Expected value- The expected value is predicted future value of an event taking place in the…
Q: Suppose you are producing an outdoor festival. You estimate that you will make $500,000.00 if it…
A: The earning is $500,000 if it does not rain. The chance of not rain is 1-0.37 =0.63. The earning is…
Q: company has net profit margin of 2.85% and a net revenue of $4,625,000, what is the net income
A: The net income of a company is an important financial metric that represents the amount of profit…
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: 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: Expected value: The expected value of a random variable is the sum of the possible values that the…
Q: A college foundation raises funds by selling 600 raffle tickets for a new car worth $32,000 at $100…
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: 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: 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: What is 1/5 of 35% of 600?
A: What is 1/5 of 35% of 600?
Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given Information: They are selling tickets for $10 each and will sell 500 tickets. There is one…
Q: A struggling young company reported the following results for the four quarters of the year: A loss…
A: We will add all the values to know net result
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: What is their net profit when 40 tickets are sold?
A:
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: 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: You pay $20 to enter a raffle. The first ticket drawn wins $912, the second ticket drawn wins $481,…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: Given that, The student council is hosting a drawing to raise money for scholarships. They are…
Q: if you dont show up for the first exam and take a 0%, then average 82% for everything else the rest…
A:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: the expected value for your profit is $7
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A:
Q: You pay $20 to enter a raffle. The first ticket drawn wins $983, the second ticket drawn wins $474,…
A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…
Q: Sales last year for a department were $124,560. This year planned sales are forecast to increase by…
A: The sales of last year is $ 124,560. The increment of 4.2 % in $ 124,560 is:
Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…
A: The probability distribution based on the given information is as follows:
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: Given information- No. of lottery ticket sold = 700 Price of a lottery ticket = $7 The prizes are:…
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: 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: 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: How do I set this up? New-home sales this year in a certain region of the country were 13% fewer…
A: The sale of the new-home is reduced by 13% while comparing to the last year.Then the percentage of…
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…
Step by step
Solved in 2 steps
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 500 tickets. There is one $3,000 grand prize, three $500 second prizes, and seventeen $10 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 $5 each and will sell 800 tickets. There is one $2,000 grand prize, two $400 second prizes, and eleven $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 700 tickets. There is one $1,000 grand prize, three $400 second prizes, and fifteen $40 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 $7 each and will sell 600 tickets. There is one $2,000 grand prize, three $400 second prizes, and twelve $10 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 900 tickets. The raffle has: one $3,000 grand prize, two $500 second prizes, and fifteen $20 third prizes. You just bought one ticket. Find the expected value for your profit. Round to the nearest cent.$The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 600 tickets. There is one $1,000 grand prize, four $ 200-second prizes, and fifteen $40 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 800 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $10 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 $7 each and will sell 700 tickets. There is one $2,000 grand prize, four $400 second prizes, and fourteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.If you were to play the raffle 100 times what is your net gain?
- 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 $3000 grand prize, three $500 second prizes , and eleven $30 third prizes. you just bought a ticket. find the expected value for your profit. round to nearest cent.the average annual cost of college at 4 year private college was $29,056 in the 2012-2013 academic year. this was a 4.2% increase from the previous yearThe student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 500 tickets. There is one $2,000 grand prize, three $200 second prizes, and fourteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.