Kve thisFor a multistate lottery, the following probabilitydistribution represents the cash prizes of the lotterywith their corresponding probabilities. Completeparts (a) through (c) below.View an example Get more help -◄ PreviousQ Searchx (cash prize, $)Grand prize200,00010,000100743hp0(a) If the grand prize is $17,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is yourexpected profit from one ticket?The expected cash prize is $. (Round to the nearest cent as needed.)CHOET–P(x)0.000000006590.000000120.0000017340.0001442420.0043331690.0067735470.013382680.97536450141Clear all

The probability distribution for the cash prizes of the lottery is given below, x (cash prize, $)…

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below. x (cash prize, $) Grand prize 200,000 10,000 100 7 4 3 0 P(x) 0.00000000659 0.00000012 0.000001734 0.000144242 0.004333169 0.006773547 0.01338268 0.97536450141 (Round to the nearest cent as needed) U (a) If the grand prize is $17,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is your expected profit from one ticket? The expected cash prize is S

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below. x (cash prize, $) Grand prize 200,000 10,000 100 7 4 3 0 P(x) 0.00000000659 0.00000012 0.000001734 0.000144242 0.004333169 0.006773547 0.01338268 0.97536450141 (Round to the nearest cent as needed) U (a) If the grand prize is $17,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is your expected profit from one ticket? The expected cash prize is S

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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K
ve this
For a multistate lottery, the following probability
distribution represents the cash prizes of the lottery
with their corresponding probabilities. Complete
parts (a) through (c) below.
View an example Get more help -
◄ Previous
Q Search
x (cash prize, $)
Grand prize
200,000
10,000
100
7
4
3
hp
0
(a) If the grand prize is $17,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is your
expected profit from one ticket?
The expected cash prize is $. (Round to the nearest cent as needed.)
CHOET–
P(x)
0.00000000659
0.00000012
0.000001734
0.000144242
0.004333169
0.006773547
0.01338268
0.97536450141
Clear all

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