The college student senate is sponsoring a spring break Caribbean cruise rame. The proceeds are to be donated to the Samaritan Center for the Homeless. A local trave agency donatad e or, valued at $2000. The students sold 2816 raffie tickets at S5 per ticket. (a) Kevin bought eighteen tickets. What is the probabilty that Kevin will win the spring break crise to the Cartbean? (Round vour arseer to tive decimal piaces.) What is the probability that Kevin wil not win the cruise? (Round your answer to five decimal places.) (b) Expected earnings can be found by multiplying the value of the cruise by the probablity that Kevie will win. What are Kevin's expected eaings? (Round your anser te deoma places.) Is this more or less than the amount Kevin paid for the eighteen tickets? How much did Kevin effectively contribute to the Samaritan Center for the Homeless? (Round your anwer to two decimal places)
The college student senate is sponsoring a spring break Caribbean cruise rame. The proceeds are to be donated to the Samaritan Center for the Homeless. A local trave agency donatad e or, valued at $2000. The students sold 2816 raffie tickets at S5 per ticket. (a) Kevin bought eighteen tickets. What is the probabilty that Kevin will win the spring break crise to the Cartbean? (Round vour arseer to tive decimal piaces.) What is the probability that Kevin wil not win the cruise? (Round your answer to five decimal places.) (b) Expected earnings can be found by multiplying the value of the cruise by the probablity that Kevie will win. What are Kevin's expected eaings? (Round your anser te deoma places.) Is this more or less than the amount Kevin paid for the eighteen tickets? How much did Kevin effectively contribute to the Samaritan Center for the Homeless? (Round your anwer to two decimal places)
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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