The following are all possible prizes with their probabilities from the funniest dancer competition. prize in...
The following are all possible prizes with their probabilities from the funniest dancer competition.
| prize in dollars | 0 | 10 | 50 | 100 | 200 | 500 |
| probability | .3 | .2 | .2 | .1 | .1 | .1 |
What is the mean (average) winning for a competitior in this competition.
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The following are all possible prizes with their probabilities from the funniest dancer competition. prize in...
A school fundraiser sells scratch off tickets with the following prizes: one prize of $1000, ten...
A school fundraiser sells scratch off tickets with the following prizes: one prize of $1000, ten prizes of $50, twenty prizes of $25, and five hundred prizes of $1. There are 5000 tickets printed to be sold for $1 each. 1. Fill in the probability distribution table below. Outcome __________ __________ __________ __________ __________ Probability __________ __________ __________ __________ __________ 2. Find the expected value. (The average winning amount.) 3. Find the standard deviation of the winning amount. 4. What...
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PROBABLITY 2A. Suppose that there is a prize ceremony awarding prizes to 10 finalists. Each finalist...
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For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with...
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(ii) A grocery store gives its customers cards that may win them a prize when matched...
(ii) A grocery store gives its customers cards that may win them a prize when matched with other cards. The back of the card announces the following probabilities of winning various amounts are when a customer visits the store 10 times: Amount $1000 $200 $50 $10 Probability 1/10,000 1/1000 1/100 1/20 What is the probability of winning nothing? What is the mean amount won? What is the standard deviation of the amount won?
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homework help please P(x) For a multistate lottery, the following probability x (cash prize, distribution represents...
homework help please
P(x) For a multistate lottery, the following probability x (cash prize, distribution represents the cash prizes of the lottery Grand prize with their corresponding probabilities. Complete parts 200,000 (a) through (c) below. 10,000 100 0.00000000562|| 0.00000012 0.000001831 10 000156178 0.005556668 0.008631032 0.01493052 0.97072364538 Question Viewer (a) If the grand prize is $13,000,000 find and interpret the expected cash prize. If a ticket costs $1, what is your expected profit from one ticket? The expected cash prize is...
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For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below. X (cash prize, $) Grand prize 200,000 10,000 100 P(x) 0.00000000877 0.00000023 0.000001734 0.000147996 0.004260186 0.008970789 .01261213 0.97400692623 4 3 0 0 (a) If the grand prize is $13,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is your expected profit from one ticket? The expected cash prize is $...
A contest at a fast-food restaurant offered the following cash prizes and probabilities of winning on one visit when a customer buys an order of French fries $100,000 for $1.31. Find the expected winnings if the player buys 10 orders of French fries s50.000 in multiple visits Probability 1/8,504,860 1/302,500 1/282,735 1/153,560 1/104,560 1/9,540 Prize $10,000 $1,000 $100 $25 What are the expected winnings if the player buys 10 orders of French fries on multiple visits? Round the fingimnswer to...
homework help please
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