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QUESTION 24 If a lottery ticket costs $5 and there is a 0.002 chance of winning $1000, what is the expected value of the lottery? O A $2 O B. -$5 QUESTION 25 Which of the following situations WOULD NOT represent a binomial application? O A Choosing a card randomly from a standard deck and noting its color (remember color has only two outcomes black or red) O B. Choosing a card randomly from a standard deck and noting whether its a face card O C.Choosing a card randomly from a standard deck and noting its suit OD.Choosing a card randomly from a standard deck and noting whether or not its an ace
math   Statistics-And-Probability   
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Answer #1

Solution :-

Correct option for answer 24 is :- D

Correct option for answer 25 is :- C

Here is the explanation about the solution :-

ol u iom Lo en ticket Phice - $5 PLL, inning mot wolnning 0002 0.93 Winni amou Lets take random Var Now thene possibiuiies Win →X = $1000 So lets build 4abel 0.998 0-002 PU4 1.99 LO ECK) = Expo --+.9g.t 1.9.9 3 Sol expected Vebue of Lottery = Option -D Ansuwer (25) To apply binomius applucation we shoul Lava > rn the avaiable choice o Mc Option C has choies because of noHn Suits possible nses a-Heusts,Spucłes,Cla bs Diuc All the optons except c Lus 0 o Dssible oul comes. Answer 2- Spton c bナ

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