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.
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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
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.
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 $...
The blank is the question I'm confused about. Thanks. For a multistate lottery, the following probability...
The blank is the question I'm confused about. Thanks.
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) 0.00000000676 0.00000022 0.000001704 0.000161431 0.003017618 0.007129053 0.01681958 0.97287038724 4 3 0 OB. On average, you will profit $0.27 per lottery ticket. O C. You will win $0.27 on every lottery ticket. The expected profit from one...
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...
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...
In the following probability distribution
In the following probability distribution, the random variable represents the number of a part of a K to 5th grade student is involved in Complete parts (a) through (f) below.x01234P(x)0.2950.1050.2900.0540.248(a) that this is a discrete probability distribution. This is a discrete probability distribution because the sum of the probabilities is _______ and each probability is _______ b) Graph the discrete probability distribution. Choose the correct graph below.(c) Compute and interpret the mean of the random variable x.The mean is _______ activities.
Use the probability distribution to find probabilities in parts (a) through (c). The probability distribution of numbe...
Use the probability distribution to find probabilities in parts (a) through (c). The probability distribution of number of dogs per household in a small town Dogs 0 1 2 3 4 5 Households Use the probability distribution to find probabilities in parts (a) through (c). The probability distribution of number of dogs per household in a small town Dogs 0 1 2 3 4 5 Households 0.6780.678 0.1940.194 0.0790.079 0.0270.027 0.0170.017 0.005
please help with all. In the following probability distribution, the random variable x represents the number...
please help with all.
In the following probability distribution, the random variable x represents the number of activities a parent of a 6th-to 8th grade student is involved in. Complete parts (a) through (1) below. * 1 0 1 2 3 4 5 P(x) 0.269 0 206 0.224 0.239 0.062 (a) Verify that this is a discrete probability distribution This is a discrete probability distribution because the sum of the probabilities is and each probability is (6) Graph the discrete...
In the following probability distribution, the random variable x represents the number of activities a...
In the following probability distribution, the random variable x represents the number of activities a parent of a 6 th- to 8th-grade student is involved in. Complete parts (a) through (f) below.x01234P(x)0.3670.1330.2090.1160.175(a) Verify that this is a discrete probability distribution.This is a discrete probability distribution because the sum of the probabilities is _______ and each probability is _______ (b) Graph the discrete probability distribution. Choose the correct graph below.(c) Compute and interpret the mean of the random variable x .The mean...
In the following probability distribution, the random variable x represents the number of activities a parent...
In the following probability distribution, the random variable x represents the number of activities a parent of a K to 5 th-grade student is involved in. Complete parts (a) through (f) below.x01234P(x)0.1670.1940.3440.1780.117(a) Verify that this is a discrete probability distribution.This is a discrete probability distribution because the sum of the probabilities is _______ and each probability is _______ (b) Graph the discrete probability distribution. Choose the correct graph below.(c) Compute and interpret the mean of the random variable x .The mean...
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.
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 $...
The blank is the question I'm confused about. Thanks.
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) 0.00000000676 0.00000022 0.000001704 0.000161431 0.003017618 0.007129053 0.01681958 0.97287038724 4 3 0 OB. On average, you will profit $0.27 per lottery ticket. O C. You will win $0.27 on every lottery ticket. The expected profit from one...
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...
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...
please help with all.
In the following probability distribution, the random variable x represents the number of activities a parent of a 6th-to 8th grade student is involved in. Complete parts (a) through (1) below. * 1 0 1 2 3 4 5 P(x) 0.269 0 206 0.224 0.239 0.062 (a) Verify that this is a discrete probability distribution This is a discrete probability distribution because the sum of the probabilities is and each probability is (6) Graph the discrete...
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