Practie Senior citizens of a particular barangay organize a Christmas raffle bonanza. One thousand raffle tickets are sold for P50.00 each. Each one has an equal chance is an electric oven worth P5,000.00 and the third prize is a grocery pack worth Rafle Tickets Problem of winning. The first prize is a 32-inch LED TV wworth P10,000.00, the second prize S00.00. Let X denote the het gan from the purchase of one ticket. a. Complete the table below showing the probability distribution of X. 9,950 4,950 2,450 -50 P(x) b. Find the probability of winning any amount in the purchase of one ticket. Let P(W) the probability of winning any amount P(W) = Probability of inning the 1" Prize Probability of wining the Probability of Prize winning the 3"Prize P(W) = P(W) = c. Find the expected value of X, then interpret. The expected value is equal to the product of net gain and the probability of winning (in this case you have three chances of winning, you may win
Practie Senior citizens of a particular barangay organize a Christmas raffle bonanza. One thousand raffle tickets are sold for P50.00 each. Each one has an equal chance is an electric oven worth P5,000.00 and the third prize is a grocery pack worth Rafle Tickets Problem of winning. The first prize is a 32-inch LED TV wworth P10,000.00, the second prize S00.00. Let X denote the het gan from the purchase of one ticket. a. Complete the table below showing the probability distribution of X. 9,950 4,950 2,450 -50 P(x) b. Find the probability of winning any amount in the purchase of one ticket. Let P(W) the probability of winning any amount P(W) = Probability of inning the 1" Prize Probability of wining the Probability of Prize winning the 3"Prize P(W) = P(W) = c. Find the expected value of X, then interpret. The expected value is equal to the product of net gain and the probability of winning (in this case you have three chances of winning, you may win
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Topic Video
Question
Can you help me to answer my practice activity 1
Transcribed Image Text:A Chance to win a prepal
In the followin
ranswer on a separál
mival ha
net gain for a bet
Complete the table below showing the
Practice Activity I
Raffle Tickets Problem
95
sitizens of a particular barangay organize a Christmas raffle bonanza
P(x)
Find the expectation if you play a bet i
of winnric oven worth P5,000.00 and the third prize is a grocery pack worth
E(x) =
Interpretation:
a. Complete the table below showing the probability distribution of X.
9,950
4,950
2,450
-50
How much the organizer will earn if
number has a bet of P5.00?
(Hint: Compute for the net gain of
by 100)
P(x)
b. Find the probability of winning any amount in the purchase of one ticket.
Let P(W) the probability of winning any amount
Independent Assessment 2
Probability of inning
the 1" Prize
Probability of
P(W) =
Probability of
winning the 2 Prize
winning the 3" Prize
P(W) =
Colored Wheel
A roulette wheel is divided in
violet, black, and white. Each time
the outcome is either black, blue
is red or yellow, your money will be
bet), and if it is green or orange
you. But if the result is white, yo
P(W) =
c. Find the expected value of X, then interpret.
The expected value is equal to the product of net gain and the probability
of winning (in this case you have three chances of winning, you may win
111
Transcribed Image Text:the first, second, or third prize) plus the product of net loss and the
probability of losing.
E(x) =
Interpretation:
Independent Assessment 1
Raffle for a Cause
A raffle is held to raise funds for a charity event. A raffle ticket costs P150.00
and there are two thousand tickets to be sold. Only one ticket holder will win a prize
of P150, 000. 00. Construct the probability distribution of the discrete random
variable, compute for the expected value, and interpret the result.
Practice Activity 2
Fame of Chance Problem (A Roulette Wheel)
1 through 30. If you bet
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