The blank is the question I'm confused about. Thanks.
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The blank is the question I'm confused about. Thanks.
For a multistate lottery, the following probability...
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with...
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 P(x) 0.00000000877 0.00000023 0.000001734 0.000147996 0.004260186 0.008970789 .01261213 0.97400692623 4 3 0 0 (a) If the grand prize is $13,000,000, 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 $...
Question Help For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities
Question Help For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) . (b) To the nearest million, how much should the grand prize be so that you can expect a profit? Assume nobody else wins so that you do not have to share the grand prize.
homework help please P(x) For a multistate lottery, the following probability x (cash prize, distribution represents...
homework help please
P(x) For a multistate lottery, the following probability x (cash prize, distribution represents the cash prizes of the lottery Grand prize with their corresponding probabilities. Complete parts 200,000 (a) through (c) below. 10,000 100 0.00000000562|| 0.00000012 0.000001831 10 000156178 0.005556668 0.008631032 0.01493052 0.97072364538 Question Viewer (a) If the grand prize is $13,000,000 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...
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities.
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.
Lottery: I buy one of 400 raffle tickets for $10. The sponsors then randomly select 1...
Lottery: I buy one of 400 raffle tickets for $10. The sponsors then randomly select 1 grand prize worth $800, then 2 second prizes worth $300 each, and then 3 third prizes worth $100 each. The selections are made without replacement. (a) Complete the probability distribution for this raffle. Give your probabilities as a decimal (rounded to 4 decimal places) or as a fraction. Outcomes P(x) Win Grand Prize Win a Second Prize Win a Third Prize Win Nothing (b)...
The blank is the question I'm confused about. Thanks. Suppose a baseball player had 213 hits...
The blank is the question I'm confused about. Thanks.
Suppose a baseball player had 213 hits in a season. In the given probability distribution, the random variable X represents the number of hits the player obtained in a game. x L 0 I 1 I 2 3 4 5 - P(x) 0.1074 0.49710.2429 0.1123 0.0267 | 0.0136 (a) Compute and interpret the mean of the random variable X. Hy = 3.2 hits (Round to one decimal place as needed.) Which...
Need second part!! thanks 4.3.54 Question Help The chance of winning a lottery game is 1...
Need second part!! thanks
4.3.54 Question Help The chance of winning a lottery game is 1 in approximately 21 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $9 million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result. Find u = E(x). u = -0.57 (Round to the nearest hundredth as needed. Do not include the $ symbol in your answer.) Interpret the result. Choose the correct answer below. per...
3. The following table lists the probability distribution for cash prizes in a lottery conducted at Lawsons Departm...
3. The following table lists the probability distribution for cash prizes in a lottery conducted at Lawsons Department Store; Prize(S) Probability 0.45 0.30 100 0.20 500 0.05 If you buy a single ticket, what is the probability that you will win: 10 a. Exactly $100? b. At least $10? c. No more than $100? d. Compute the mean, variance, and standard deviation of this distribution. 4. In a binomial situation, n = 4 and p = 0.25. Determine the probabilities...
Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Ca...
Can someone do 28, 32, 40, and 44
198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...
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 P(x) 0.00000000877 0.00000023 0.000001734 0.000147996 0.004260186 0.008970789 .01261213 0.97400692623 4 3 0 0 (a) If the grand prize is $13,000,000, 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 $...
Question Help For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) . (b) To the nearest million, how much should the grand prize be so that you can expect a profit? Assume nobody else wins so that you do not have to share the grand prize.
homework help please
P(x) For a multistate lottery, the following probability x (cash prize, distribution represents the cash prizes of the lottery Grand prize with their corresponding probabilities. Complete parts 200,000 (a) through (c) below. 10,000 100 0.00000000562|| 0.00000012 0.000001831 10 000156178 0.005556668 0.008631032 0.01493052 0.97072364538 Question Viewer (a) If the grand prize is $13,000,000 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...
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.
The blank is the question I'm confused about. Thanks.
Suppose a baseball player had 213 hits in a season. In the given probability distribution, the random variable X represents the number of hits the player obtained in a game. x L 0 I 1 I 2 3 4 5 - P(x) 0.1074 0.49710.2429 0.1123 0.0267 | 0.0136 (a) Compute and interpret the mean of the random variable X. Hy = 3.2 hits (Round to one decimal place as needed.) Which...
Need second part!! thanks
4.3.54 Question Help The chance of winning a lottery game is 1 in approximately 21 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $9 million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result. Find u = E(x). u = -0.57 (Round to the nearest hundredth as needed. Do not include the $ symbol in your answer.) Interpret the result. Choose the correct answer below. per...
3. The following table lists the probability distribution for cash prizes in a lottery conducted at Lawsons Department Store; Prize(S) Probability 0.45 0.30 100 0.20 500 0.05 If you buy a single ticket, what is the probability that you will win: 10 a. Exactly $100? b. At least $10? c. No more than $100? d. Compute the mean, variance, and standard deviation of this distribution. 4. In a binomial situation, n = 4 and p = 0.25. Determine the probabilities...
Can someone do 28, 32, 40, and 44
198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...
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