Question

Suppose there is a weekly raffle with 200 tickets sold each week. You play every week...

Suppose there is a weekly raffle with 200 tickets sold each week. You play every week for a year​ (52 weeks) and buy one ticket each time.

a. If you win only three times, what was your experimental probability of winning the weekly​ raffle?

b. What was your theoretical probability of winning each weekly​ raffle?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

solution: (a) experimental probability = (Number of times won) ( Mumber of ticket Buy ] 5 2. Go) theoretical probability = Nu

Add a comment
Know the answer?
Add Answer to:
Suppose there is a weekly raffle with 200 tickets sold each week. You play every week...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 8.5.43 Question Help One thousand raffle tickets are sold at $1 each. Three tickets will be...

    8.5.43 Question Help One thousand raffle tickets are sold at $1 each. Three tickets will be drawn at random (without replacement), and each will pay $205. Suppose you buy 5 tickets. (A) Create a payoff table for 0, 1, 2, and 3 winning tickets among the 5 tickets you purchased. (If you do not have any winning tickets, you lose $5, if you have 1 winning ticket, you net $200 since your initial $5 will not be returned to you,...

  • one thousand raffle tickets are sold at $1 each. 3 tickets will be drawn at random...

    one thousand raffle tickets are sold at $1 each. 3 tickets will be drawn at random finite One thousand raffle tickets are sold at $1 each. Three tickets will be drawn at random (without replacement), and each will pay $191. Suppose you buy 5 gats. (A) Create a payoff table for 0, 1, 2, and 3 winning tickets among the 5 tickets you purchased. (If you do not have any winning tickets, you lose $5. If you have 1 winning...

  • One thousand raffle tickets are sold at $1 each. Three tickets will be drawn at random...

    One thousand raffle tickets are sold at $1 each. Three tickets will be drawn at random (without replacement), and each will pay $198. Suppose you buy 5 tickets. (A) Create a payoff table for 0, 1, 2, and 3 winning tickets among the 5 tickets you purchased. (If you do not have any winning tickets, you lose $5, if you have 1 winning ticket, you net $193 since your initial $5 will not be returned to you, and so on.)...

  • 6- Suppose you buy a ticket for a raffle. The ticket's price is $5 and the...

    6- Suppose you buy a ticket for a raffle. The ticket's price is $5 and the prize is worth $200. If 100 tickets are sold, (a) What is the probability that you will win the prize? (b) How much money do you expect to win/lose?

  • 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)...

  • Suppose 660 raffle tickets are sold for $2 each. A prize of $1,000 will be awarded...

    Suppose 660 raffle tickets are sold for $2 each. A prize of $1,000 will be awarded to one of the ticketholders. Two other ticketholders will be awarded prizes of $100 each. How much  should you expect to win or lose on average if you purchase one raffle ticket? Give the answer exactly or round it to two decimal places.

  • I buy one of 250 raffle tickets for $10. The sponsors then randomly select 1 grand...

    I buy one of 250 raffle tickets for $10. The sponsors then randomly select 1 grand prize worth $300, 2 second prizes worth $120 each, and 3 third prizes worth $50 each. Below is the discrete probability distribution for this raffle. Prize      P(x)      Grand 1/250 Second 2/250 Third 3/250 None 244/250 (a) Recognizing that I spent $10 to buy a ticket, determine the expected value of this raffle to me as a player. Round your answer to the...

  • Lottery: I buy one of 250 raffle tickets for $10. The sponsors then randomly select 1...

    Lottery: I buy one of 250 raffle tickets for $10. The sponsors then randomly select 1 grand prize worth $300, 2 second prizes worth $100 each, and 3 third prizes worth $50 each. Below is the discrete probability distribution for this raffle. Prize      P(x)      Grand 1/250 Second 2/250 Third 3/250 None 244/250 (a) Recognizing that I spent $10 to buy a ticket, determine the expected value of this raffle to me as a player. Round your answer to the nearest...

  • A local fraternity is conducting a raffle where 50 tickets are to be sold-one per customer....

    A local fraternity is conducting a raffle where 50 tickets are to be sold-one per customer. There are three prizes to be awarded. If the four organizers of the raffle each buy one ticket, what is the probability that the four organizers win a all of the prizes? b exactly two of the prizes? c exactly one of the prizes? d none of the prizes? 2.51

  • Suppose 1,250 raffle tickets are being sold for $5 each. One ticket will be chosen to...

    Suppose 1,250 raffle tickets are being sold for $5 each. One ticket will be chosen to receive a cash prize of $2,500, and three tickets will be chosen to receive cash prizes of $500. Let x be the amount of money won/lost by purchasing one raffle ticket. Find the expected value for X. (Round your answer to the nearest penny. Do not include a $ sign in your answer. Your answer may be positive or negative.)

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT