Rework problem 22 from section 4.3 of yourtext, involving a carnival fishpond. Assume that thepond contains 120 fish: 91 blue, 28 orange, and 1purple. A contestant pays $0.65 to randomly catchone fish and receives $0.25 if the fish is blue, $1.25 ifthe fish is orange, and $11.00 if the fish is purple.How much (on average) does the carnival gain oneach play? (If the carnival looses money, enter anegative dollar amount)

Given,Total fish, N = 120Number of blue fish, n(B) = 91Number of orange fish, n(O) = 28Number of…

Answered: Rework problem 22 from section 4.3 of…

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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For a Saturday service, if the weather is sunny, you will take in $9,000; if the weather is cloudy, you will take in $2,000; if it is rainy, you will only take in $1,200. The weather is sunny 65% of the time, and cloudy 25% of the time. How much money do you expect to take in on any given Saturaday?
A hurricane caused $185,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $420,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $84,000 of the total coverage, what is their share of the loss (in $)? $ Need Help? Read It Watch It Master It
You are going to a party with a friend. Both of you are supposed to take packets of chips and bottles of soft drink for the party. You shop together and buy the same brand of chips & drink. You spend $47.5 to buy 5 packets of chips and 10 bottles of soft drink. Your friend spends $64.5 to buy 3 packets of chips and 15 bottles of soft drink. Given this information determine the following: How much does the shop charge for a packet of chips? Please calculate this answer in dollars (enter the unit "$" with the answer) and round the final value to the nearest cent. Answer: How much does the shop charge for a bottle of soft drink? Please calculate this answer in dollars (enter the unit "$" with the answer) and round the final value to the nearest cent. Answer:
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if you work for a non-profit and you want to (and its legal) to run your own lottery. Suppose you need to collect at least $25,000. Design a lottery to allow you to achieve your goal. HOw many tickets would you sell? How many prices ( and for how much ) would you have? How much would you charge per ticket?
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During his short stint as Shadow Finance Minister, Barnaby Joyce displayed a curious grasp of numbers. One of his most infamous exclamations was “All this billions, quillions, Brazilians.” Less well known was his tax-reform proposal, recommending that if you earn $x per day, you are taxed x% of that amount (with the understanding that you pay 100% tax if you earn $100 or more per day. Under Senator Barnaby’s plan, which amount x gives you the highest earnings after tax has been taken out?

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