7" ㅢ5 points The college student senate is sponsoring a spring break Caribbean cruise raffle. The...
The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency donated the cruise, valued at $2000. The students sold 2867 raffle tickets at $5 per ticket. (a) Kevin bought twenty-five tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean? (Round your answer to five decimal places.) What is the probability that Kevin will not...
QUESTION 7 The Math is Cool club is having a raffle. There is one Rest Prize of $150 and 5 Honorable Mention prices of $45 each. Tickets will cost 1250 cach and they plante sell 2500 tickets. Use this information to answer the questions below. Round decimalows to 2 decimal places a. What is the expected value of this raffle? b. Suppose you buy tickets. How much money can you expect to wiriose with your tickets? Type win" or "lose,...
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)...
Spring Break is coming up and you are headed to Vegas! You decide that you are going to play roulette and want to know the probability of landing on certain numbers. The standard American roulette wheel has a total of 38 pockets. There are two green pockets, 18 red pockets, and 18 black pockets. With each spin of the wheel, the ball has an equal probability of landing in any pocket. 1a. With any given spin of the wheel, what...