ZuoTi.Pro
Question

An instant lottery ticket costs $2. Out of a total of $10,000 tickets printed for this lottery, 500 tickets contain a pr...

An instant lottery ticket costs $2. Out of a total of $10,000 tickets printed for this lottery, 500 tickets contain a prize of $5 each, 125 tickets have a prize of $10 each, 6 tickets have a prize of $1000 each, and 1 ticket has a prize of $5000. Let X be the random variable that denotes the net amount a player wins by playing this lottery.

Write the probability distribution of x.

Enter the exact answers. Enter your answers for x in increasing order.

           X                                 P(x)

Determine the mean and standard deviation of x.

Round your answers to two decimal places

On average, the players who play this game are expected to (blank) $(blank) per ticket with a standard deviation of $(blank).

math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Sfo Pe the prize amout on lotleny tickat, then hiet auouut uten: y-2 P(x-5-2:500 I O000 P(x=10-2): 12S P(x-be-2)G P-5000-2) 1

0 0
Add a comment
Know the answer?
Add Answer to:
An instant lottery ticket costs $2. Out of a total of $10,000 tickets printed for this lottery, 500 tickets contain a pr...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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

  • SEON BACK CES Chapter 05, Section 5.3, Problem 024 An instant lottery ticket costs $2. Out...

    SEON BACK CES Chapter 05, Section 5.3, Problem 024 An instant lottery ticket costs $2. Out of a total of 10,000 tickets printed for this lottery, 500 tickets contain a prize ot $3 each, 125 tickets have a prize of $10 each, 2 tickets have a for this 000 each, and 1 ticket has a prze of $500. Let x be the random variable that denotes the net a playing this letery. toplayer wins by write the probability distribution of...

  • Chapter 05, Section 5.4, Problem 036 According to a survey conducted at the local OMV, 50% of drivers who rive to work stated that they regularly exceed the posted speed limit on their way to w...

    Chapter 05, Section 5.4, Problem 036 According to a survey conducted at the local OMV, 50% of drivers who rive to work stated that they regularly exceed the posted speed limit on their way to work. Suppose that this result is true for the population of drivers who drive to work. A random sample of 15 drivers who drive to work is selected. Use the binomial probabilities table (Table 1 of Appendix 8) or technology to find to 3 deimal...

  • The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a...

    The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $) has the following discrete probability distribution: P(X) 0.95 0.049 0.001 Which of the following best describes the standard deviation of X? Select one: o a. 14.552 in $2 ob. 3.815 in s O c.0.348 in $

  • 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)...

  • 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...

  • Need help with assignment This assignment involves simulating a lottery drawing. In this type of lottery...

    Need help with assignment This assignment involves simulating a lottery drawing. In this type of lottery game, the player picks a set of numbers. A random drawing of numbers is then made, and the player wins if his/her chosen numbers match the drawn numbers (disregarding the order of the numbers). More specifically, a player picks k distinct numbers between 1 and n (inclusive), as well as one bonus number between 1 and m (inclusive). "Distinct" means that none of the...

  • Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Ca...

    Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...

  • Please, I need help with program c++. This is a chutes and ladders program. The code...

    Please, I need help with program c++. This is a chutes and ladders program. The code must be a novel code to the specifications of the problem statement. Thank you very much. Assignment Overview This program will implement a variation of the game “chutes and ladders” or “snakes and ladders:” https://en.wikipedia.org/wiki/Snakes_and_Ladders#Gameplay. Just like in the original game, landing on certain squares will jump the player ahead or behind. In this case, you are trying to reach to bottom of the...

  • Assignment - Battleship In 1967, Hasbro toys introduced a childrens game named “Battleship”. In the next...

    Assignment - Battleship In 1967, Hasbro toys introduced a childrens game named “Battleship”. In the next two assignments you will be creating a one-player version of the game. The game is extremely simple. Each player arranges a fleet of ships in a grid. The grid is hidden from the opponent. Here is an ASCII representation of a 10x10 grid. The ‘X’s represent ships, the ‘~’s represent empty water. There are three ships in the picture: A vertical ship with a...

  • Ukted Odwolanis Korespondenga RecencaWidok Pomoc P Powiedz mi co chcesz zrobi Fuedamentals of Quantitative Methods Part...

    Ukted Odwolanis Korespondenga RecencaWidok Pomoc P Powiedz mi co chcesz zrobi Fuedamentals of Quantitative Methods Part IV (Exercises from Business Sharistics: Sharpe, De Veaux, Velleman) 1. You and your friend decide to get your ears inspected. You are informed that 79% of cars pass inspection. If the event of your car's passing is indepeodent of your frieed's cr a) What is the probability that your car passes inspection? b) What is the probability that your car doesn't pass inspection? c)...

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