Rework problem 22 from section 4.3 of your text, involving a carnival fishpond. Assume that the pond contains 100 fish: 70 orange, 29 yellow, and 1 silver. A contestant pays $0.60 to randomly catch one fish and receives $0.35 if the fish is orange, $1.25 if the fish is yellow, and $10.00 if the fish is silver. How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)
Rework problem 22 from section 4.3 of your text, involving a carnival fishpond. Assume that the pond contains 100 fish: 70 orange, 29 yellow, and 1 silver. A contestant pays $0.60 to randomly catch one fish and receives $0.35 if the fish is orange, $1.25 if the fish is yellow, and $10.00 if the fish is silver. How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)
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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Rework problem 22 from section 4.3 of your text, involving a carnival fishpond. Assume that the pond contains 100 fish: 70 orange, 29 yellow, and 1 silver. A contestant pays $0.60 to randomly catch one fish and receives $0.35 if the fish is orange, $1.25 if the fish is yellow, and $10.00 if the fish is silver.
How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)
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