Question A player can play a game by rolling a fair die several times. The player can win money based on the numbers rolled. The table shows the probability of each payout amount (assume that the remaining probability has a payout of 0 so that the probabilities add to 1). To the nearest dollar, what is the expected payout of the game? Payout Amount $160 $4,800 $195,000 Probability 0.116 0.028 0.0005

Q: A game of chance costs $5 to play. The game requires the player to roll a fair six-sided die until…

A: Given: Number of faces = 6 A die is rolled until 1 appears.

Q: A scientist conducts an experiment with mice. Mice entered a room and had to choose between going…

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Q: A carnival game has prizes and probabilities as shown in the table below. How much should the game…

A: Introduction In this question we have to find the cost of game if the owner of the game wants to…

Q: mike piazza batting average is 0.308 if mike piazza steps up to the plate four time,find the…

A: Provided information is , mike piazza batting average is 0.308 if mike piazza steps up to the plate…

Q: You select a card from the standard deck of cards. What is the probability that you will select a 5…

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Q: Complete the sentence below. In a probability model, the sum of the probabilities of all outcomes…

A: Statement: In a probability model , the sum of the probabililities of all outcomes must equal…

Q: There would be an expected (Type an integer or a decimal.) of dollars.

A: Amount invested in bonds =$13000  Given the probabilit distribution of the gain or loose To…

Q: 1. A basketball player has a 70% free-throw shooting percentage. What is the probability that it…

A: P(Successful free throw) = p = 0.70P(failed to make successful free throw) = q = 1 - 0.70…

Q: An investment opportunity has two possible outcomes. One outcome yields a $150 payoff and has a…

A: Given, Payoff of $150 with a probability of 0.3 Payoff of $50 with a probability of 0.7

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: A poker hand consists of five cards randomly dealt from a standard deck of 52 cards. The order of…

A: Five random cards are dealt from a standard deck of 52 cards. d Probability of selecting exactly 2…

Q: Find the indicated probability. P(A or B) =| (Simplify your answer. Type an integer or a decimal.)…

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Q: Find the indicated | P(A or B) = (Simplify your answer. Type an integer or a decimal.) probability.…

A: Given,P(A)=0.6P(B)=0.5P(A∩B)=0.4

Q: Winston, a dog, loves to play fetch.  He catches each ball mid-air independently with probability…

A: From the given information we find the mean number of catches.

Q: Example question A. About 40 percent of U.S adults try to pad their insurance claims. Your office…

A: According to the provided data, the sample size, n is 128 and the probability of success, p is 0.40.…

Q: Use the formula for the probability of the complement of an event. Two dice are tossed. What is the…

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Q: fifty five percent of US household say they would feel secure if they had $50,000 in savings. you…

A: Let us denote X=the number of US households who would feel secure if they had $50000 in savings…

Q: The table below shows the probabilities of a person accumulating specific amounts of credit card…

A: $500 or more means $500-$999 and $1000 or moreP($500 or more)=P($500-$999 and $1000 or…

Q: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 899. If your…

A: There are total numbers from 000 to 899=900 And also given, bet amount when any above number…

Q: Amusement Park Game At an amusement park basketball game, the player gets 4 throws for $1. If the…

A: It is given that probability that Mary makes about 70% of her shots. Hence the probability that Mary…

Q: The Edmonton Oilers win 70% of their games if they score first, but only 40% of their games if the…

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Q: event of a fire, the insured damages (the payout on the policy) will be $340,000. lake a table of…

A: Solution : Given that:a) Make a table of the two possible payouts on each policy with the…

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.