You pay $3.50 to play a particular game that consists of drawing tokens from a box. The box contains 5 tokens. Two of the tokens are numbered 3, one is numbered 4, and two are numbered 5. The tokens are mixed and you randomly draw a single token from the box. You then win the amount displayed on the token. Find the expected value of your net gain playing this game.

Q: A local organization sells 10,000 lottery tickets for $1 each. Prizes are awarded by a random…

A: Given, A organization sells 10,000 lottery tickets for $1 each. First price earn $300, Second win…

Q: At a local fair, a raffle is being held. There were 1,067 tickets were sold for $10 each. There is…

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Q: A charity organization is holding a raffle. Each ticket costs $14. One winner will win $1500, two…

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Q: In a carnival game, you roll a number cube and flip a coin. The sides of the die contain the numbers…

A: Introduction: It is required to find the probability of winning the game by scoring 10 or more…

Q: Emerson wins 28% of all chess games. What is the probability he wins two in a row?

A: Assuming the two games are independent, P( He wins two in a row)= P( He wins the first game)*P(He…

Q: A resturant will select 1 card from a bowl to win a free lunch. Jo puts 5 cards in the bowl. the…

A: Odds in favour: The odds in favour of the event is given by the ratio of the probability of the…

Q: A player rolls a fair dice and gets "$3 multiplied by the value on the dice" in the case of even…

A: Basic concepts of probability are used.

Q: Suppose you play a game where you toss three fair coins. If you get three tails, you win $10.…

A: Probability of getting a tail while tossing a coin is 1/2 So, if 3 coins will be tossed then the…

Q: If the probability that the Yankees will win a baseball game is 60%, find the probability that the…

A: The probability that Yankees will win a baseball game is 60%, that is PWinning=0.60.

Q: Todd and Tiff both train pets. Todd trains 30% of pets and Tiff trains 70% of pets. Todd’s pets are…

A: Given that P(Todd trains)=0.30 P(Tiff trains)=0.70 P(female| Todd) =0.55 P(female| Tiff) =0.65

Q: Bonnie and Kelly are part of a group going to a basketball game. The group has two court-side seats,…

A: Given: court-side seats = 2 upper-level seats = 5 seats in general admission = 4 Total seats =…

Q: Marlon is going to roll a six-sided die, and if he rolls a 3, he gets $10. It costs him $2 to enter…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: you are playing a game in which a single die is rolled. if a 2 or a 5 comes up, you win $24,…

A: The objective of this question is to find the price that you should pay to play the game that would…

Q: Find the mean and the variance of the outcome for this game

A: The given probability distribution table is, Outcome(X) $-1.00 $0.00 $3.00 $10.00 Probability…

Q: Q1- A box contains four chocobars and four ice creams. Tom eats 3 of them one after another. What is…

A: Solution is given below

Q: #LP: A bag contains 5 red balls and some blue balls. If the probability of drawing a blue ball from…

A: 5 red ballsx blue balls__________5+x total ballsP(blue) = 3P(red)x = ?

Q: Steve has 12 biscuits in a tin. There are 5 digestive and 7 chocolate biscuits. Steve takes two…

A: Given that, Total number of biscuits = 12 5 digestive biscuits and 7 chocolate biscuits We to find…

Q: Calvin makes 65% of the penalty kicks he takes. He is practicing penalty kicks with his friend…

A: From the provided information, Sample size (n) = 10 Calvin makes 65% of the penalty kicks he takes…

Q: A die is rolled. If an odd number turns up, we win an amount equal to this number; if an even number…

A: The outcome of rolling a die is {1, 2, 3, 4, 5, 6}.

Q: You have a 30-sided dice. Your friend Hugo has three favorite numbers: 5, 3, and 10. What is the…

A: Given You have a 30-sided dice. Your friend Hugo has three favorite numbers: 5, 3, and 10.

Q: In the casino a card game takes 1 dollar bets, players have a 46% chance of winning back their bets…

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Q: You randomly select one card from a​ 52-card deck. Find the probability of selecting the king of…

A: It is known that Number of cards in a deck = 52 Number of king of diamonds = 1 Number of two of…

Q: Elizabeth's school is selling 100 raffle-tickets to raise money for a new gymnasium. The grand-prize…

A: Probability values can't be negative. It takes the values between 0 to 1. If the probability value…

Q: It costs $6.75 to play a very simple game, in which a dealer gives you one card from a deck of 52…

A: The cost of the game is $6.75.

Q: Solve correctly. I will rate accordingly.   An urn contains four yellow balls and two green balls.…

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Q: Four people buy raffle tickets and place all of their tickets into a hat.  Raphael bought 8 tickets,…

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Q: Whitney wants to practice shooting for basketball.  Her mom will give her $20 if she makes 3 free…

A: If each trial has only two possible outcomes, that is, success and failure, the probabilities of…

Q: 8. Dad's music collection includes 5 rock music albums, 3 classical music albums, and one love song…

A: 5 rock music albums  3 classical music albums  1 love song album ____________________________ 9…

Q: How much money would you have to lose in order for you average 0 per roll?

A: Here you play a game where you roll 2 six-sided dice. If you roll a 7, you will lose some money, but…