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

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section: Chapter Questions
Problem 2P: Family Planning A intend to have two children. What is tie probability that they will have child of...
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Can you help me to answer my practice activity 1
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: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
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
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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