Suppose you were planning a trip to the Disney World next year. You found the probability of going the Disney World next year is as follows: Number of trips 0 Probability 0.6 0.2 2 0.1 3 0.05 4 0.05 After searching online, you found buying a regular ticket when you get there: Costs $50 per ticket What would be the expected costs?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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From above, you found another option: Buying a annual membership.
It costs $15 to join membership, and members get a ticket for $30. (Still costs $15 even if you don't go)
What will be the expected cost? Compared to the expected cost you answered above, which option costs
lower?
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Transcribed Image Text:From above, you found another option: Buying a annual membership. It costs $15 to join membership, and members get a ticket for $30. (Still costs $15 even if you don't go) What will be the expected cost? Compared to the expected cost you answered above, which option costs lower? Previous Page Next Page Page 5 of 5
Suppose you were planning a trip to the Disney World next year. You found the probability of going the
Disney World next year is as follows:
Number of trips
0
Probability
0.6
0.2
0.1
0.05
0.05
After searching online, you found buying a regular ticket when you get there: Costs $50 per ticket
What would be the expected costs?
1
2
3
4
Transcribed Image Text:Suppose you were planning a trip to the Disney World next year. You found the probability of going the Disney World next year is as follows: Number of trips 0 Probability 0.6 0.2 0.1 0.05 0.05 After searching online, you found buying a regular ticket when you get there: Costs $50 per ticket What would be the expected costs? 1 2 3 4
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