Question

A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different​ prizes: an automobile valued at

​$24 comma 00024,000​,

a

​$7575

gas​ card, or a

​$55

shopping card. To claim his or her​ prize, a prospective customer needed to present the flier at the​ dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of

31 comma 86631,866​,

the chance of winning the gas card was 1 out of

31 comma 866 comma31,866,

and the chance of winning the shopping card was

31 comma 86431,864

out of

31 comma 86631,866.

Complete parts​ (a) through​ (c).

a. How many fliers do you think the automobile dealership sent​ out?

3186631866

fliers

b. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the expected value of the prize won by a prospective customer receiving a​ flier?

muμequals=​$nothing

​(Round to the nearest cent as​ needed.)

c. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a​ flier?

sigmaσequals=​$nothing

​(Round to the nearest cent as​ needed.)

Answer 1

5 3 1864 6 구S . 21866 31366 31866 PC 31866 318 66 31866 구