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Provide an appropriate response 17) The prizes that can be won in a sweepstakes are listed...
Identify the given random variable as being discrete or continuous. 16) The number of oil spills...
Identify the given random variable as being discrete or continuous. 16) The number of oil spills occurring off the Alaskan coast A) Discrete B) Continuous Provide an appropriate response. 17) The prizes that can be won in a sweepstakes are listed below together with t each one: $5300 (1 chance in 8600); $1200 (1 chance in 7000); $800 (1 chance $200 (1 chance in 2000). Find the expected value of the amount won for one entering is 57 cents. A)...
(1 point) Prizes and the chances of winning in a sweepstakes are given in the table...
(1 point) Prizes and the chances of winning in a sweepstakes are given in the table below. Prize $10,000,000 $150,000 $50,000 $10,000 $800 Chances 1 chance in 200,000,000 1 chance in 100,000,000 1 chance in 90,000,000 1 chance in 1,000,000 1 chance in 200,000 A watch valued at $601 chance in 8,000 (a) Find the expected value (in dollars) of the amount won by one entry. (b) Find the expected value (in dollars) if the cost of entering this sweepstakes...
Expected Value for a Magazine Sweepstakes Reader's Digest ran a sweepstakes in which the prizes were...
Expected Value for a Magazine Sweepstakes Reader's Digest ran a sweepstakes in which the prizes were listed along with the chances of winning: $1, 000, 000 (1 chance in 80, 000,000), $100, 000 (1 chance in 110, 000, 000), $25,000 ( 1 chance in 110, 000,000), $5000 ( 1 chance in 36, 600, 000), and $2, 500 ( 1 chance in 28, 500, 000) a) Assuming that there is no cost for entering the sweepstakes, find the expected value of...
1. When it comes to financial matters, the views of Aristotle can be stated as:...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...
Identify the given random variable as being discrete or continuous. 16) The number of oil spills occurring off the Alaskan coast A) Discrete B) Continuous Provide an appropriate response. 17) The prizes that can be won in a sweepstakes are listed below together with t each one: $5300 (1 chance in 8600); $1200 (1 chance in 7000); $800 (1 chance $200 (1 chance in 2000). Find the expected value of the amount won for one entering is 57 cents. A)...
(1 point) Prizes and the chances of winning in a sweepstakes are given in the table below. Prize $10,000,000 $150,000 $50,000 $10,000 $800 Chances 1 chance in 200,000,000 1 chance in 100,000,000 1 chance in 90,000,000 1 chance in 1,000,000 1 chance in 200,000 A watch valued at $601 chance in 8,000 (a) Find the expected value (in dollars) of the amount won by one entry. (b) Find the expected value (in dollars) if the cost of entering this sweepstakes...
Expected Value for a Magazine Sweepstakes Reader's Digest ran a sweepstakes in which the prizes were listed along with the chances of winning: $1, 000, 000 (1 chance in 80, 000,000), $100, 000 (1 chance in 110, 000, 000), $25,000 ( 1 chance in 110, 000,000), $5000 ( 1 chance in 36, 600, 000), and $2, 500 ( 1 chance in 28, 500, 000) a) Assuming that there is no cost for entering the sweepstakes, find the expected value of...
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