here expected value for the profit = expected prize win -cost of the ticket
=(1/500)*(1000+2*400+14*30)-5
= -0.56
Check Answer • Question 18 B0/1 pt 55 Details The student council is hosting a drawing...
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 900 tickets. There is one $2,000 grand prize, three $400 second prizes, and eleven $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. $ Hint: Expected Value Question Help: Read Message instructor
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 800 tickets. There is one $3,000 grand prize, four $200 second prizes, and eighteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 700 tickets. There is one $3,000 grand prize, two $500 second prizes, and ten $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
Due tri 03/13/2020 11:59 pm The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 900 tickets. There is one $1,000 grand prize, two $500 second prizes, and fifteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. Hint: Hint Video on Expected Value 2 Points possible: 1 Unlimited attempts.
q1: Complete the following probability distribution table: x p(x) -7 0.22 -4 0.18 -1 0.15 23 0.15 32 57 0.22 Q2: The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 700 tickets. There is one $1,000 grand prize, two $300 second prizes, and eleven $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
dooooooo.. @* ASTE 46, 92% 07:27 PM Question Help: Video Check Answer Question 36 B0/1 pt 55 Deta Write an expression in factored form for the polynomial of least possible degree graphed below. y(x) = Question Help: Video Check Answer Question 37 1/1 pt 34 Deta Score on last try: 1 of 1 pts. See Details for more. Submit Assessment You can retry this question below 2x2 + 13.+ 15 Let f(x) = 222 - 12 - 1 This function...