. What is the expected gain of the

Q: The officers of the Mathematics Club are planning to sell 280 tickets to be raffled during the…

A: There are 280 tickets. one ticket will win 5000 two tickets will win 3000 three tickets will win…

Q: A random variable X could have an expected value of -1. 1) True 2) False

A: Given data A random variable X could have an expected value of -1

Q: The expected value of R4 is

A:

Q: A box contains one each of $1, $5, $10, $20, and $100 bills. It costs $19 to reach in and withdraw…

A: Given that probability of getting each bill is  =1/5  Now, The probability distribution for bills…

Q: Taking into consideration that expected value of any term life insurance product yields a positive…

A: If the insurance product yields a positive value for insurance company and yields a negative…

Q: The Safe Grad Committee at the high school is selling tickets on a Christmas Basket filled with…

A: Prize =1200 No: of tickets=500 Expected value of a ticket=1200/500=$2.4

Q: a. Probability that there is at least one imperfection in a roll of 10-m synthetic fabric is? b. a.…

A: Given that  Probability distribution.  x 0 1 2 3 4 f(x) 0.41 0.37 0.16 0.05 0.05 NOTE:-…

Q: The following table compares the gender vs the level of education of the patients seen in some…

A:

Q: If the value of the calculated z-statistic is 1, what is the probability to the right in the tail?

A: The value of the calculated z-statistic is, The probability to the right in the tail is,

Q: In an article about investment alternatives, Money magazine reported that drug stocks provide a…

A: The provided probabilities are;

Q: The expected value is $

A: From given data : 60% chance of making $9,000 20% chance of breaking even 20% chance of losing…

Q: Suppose the lifetime of a human has an expectation of 72 and variance 36. What is the probability…

A:

Q: Derive the expected value of Y? 0,

A: Given:  Distribution function of lifespan of bulb  f(x)=(y*e^-y/10)/100    : y>0  Then to find…

Q: What are the different Shortcomings of the linear probability model?

A:

Q: -What is the expected gain from this game?

A: here total 52 cards in deck total face cards = 12( J,Q,K of each suit) total ace = 4   probability =…

Q: An insurance policy sells for $600. Based on past data, an average of 1 in 50 policyholders will…

A:

Q: What is the expected payout per fan?

A: Here given, Between periods at a hockey game, some fans are selected to shoot a puck at the net from…

Q: a) What is the probability distribution of B₁? (b) Briefly explain why P(B₁ = 0) = 1. (c) At what…

A:

Q: If the profit on a raffle ticket has an expected value of -$5, then the most likely outcome of…

A: Given that - If the profit on a raffle ticket has an expected value of -$5, then the most likely…

Q: At a raffle, 250 tickets are sold for $4 each for one grand prize of $500 and two prizes of $50…

A: It can be assumed one ticket corresponds to one prize.  Since, there are 250 ticket proabability of…

Q: Derive the expected value of Y? (0, else

A: Given:  Distribution function of Lifespan of bulb is given  f(y)=(y*e^-y/10)/100      : y>0  Then…

Q: On any given day, a salesman can earn $0 with a 20% probability, $100 with a 40% probability, or…

A: Solution: Let X be the earning of salesman.  The earning of sales person are 0 , 100 and 300 with…

Q: what

A:

Q: Answer the following True or False: If the profit on a raffle ticket has an expected value of -5…

A: In general, the loss is obtained by adding the ticket cost and $5.

Q: 2. If the time-dependent probability

A: Given that pN(t) satisfied the given differential equation

Q: Why is the expected value 50.50? When you've said it should be 100/2 in the explanation?

A: GivenA fair 100 sided dice is rolled where each outcome has equal probability =1100The expected…

Q: An insurance policy sells for $1,000. Based on your past data, an average of 1 in 50 policyholders…

A: The expected value for the company per policy sold can be calculated using the following…

Q: The Walker Construction Company has just received a building contract. Walker estimates there is a…

A: Let us assume X= amount of profit  Breakeven means no profit. Let us make a probability distribution…

Q: An insurance policy sells for ​$1200. Based on past​ data, an average of 1 in 125 policyholders will…

A: Given that  An insurance policy sells for ​$1200. An average of 1 in 125 policyholders will file a…

Q: Suppose you pay $5 to roll a fair dice. If the top face shows an odd number, you win $0 but if it…

A: Cost of rolling a fair dice=5 Amount you win if odd number shows=0 Amount you win if even number…

Q: (a) Over the long term, what is your expected profit of playing the game?

A: Here given , Two dice are rolled in game And there are total outcomes possible on each die are 6 And…

Q: What is the variance of the profit?

A: Here given, A contractor is considering a sale that promises a profit of ₱92 000 with a probability…

Q: What is the expected value at node 2? $20 million $7.5 million $10 million $15 million

A: here for expected value at node 2 draw tree for only node 2

Q: An insurance policy sells for ​$1000. Based on past​ data, an average of 1 in 50 policyholders will…

A: an average of 1 in 50 policyholders will file a ​$10,000 ​claim, an average of 1 in 200…

Q: Find the expected value for a person that buys one ticket

A: Expected value = number of required/ number of total

Q: A man purchased a $26,000, 1-year term-life insurance policy for $375. Assuming that the probability…

A: The probability that the man will live another year= 0.99 =the probability that the company loses…

Q: Based on historical data, an insurance company estimates that a particular customer has a 1.4%…

A: Given: The annual premium = $50 Average insurance payout = $1500 Likelihood of having accident =…

Q: mat is your expected value if you play this game?

A: HERE WILL USE PROBABILITY TABLE FOR EXPECTATION.

Q: 6- The Variance of X, is a) o? b) d)

A: we want to find value of the variance of xbar n is ...

Q: Let X1 ~ N(41, 0?) and X2 ~ N(u2, 03). Find the expected value and variance of Y = X1 + X2.

A: Solution: 39. From the given information,

Q: 5. The Triple L Investment Club is considering purchasing a certain stock. After considerable…

A: E[x] = ∑xp(x)

Q: 1 1 What is the expected value for the number of spaces a player moves forward on a turn?

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: Suppose the table below gives the chances of winning or losing points in a game:Points Won/Lost –100…

A:

Q: Jet Blue is considering adding a route to the city of Minneapolis, MN. After considerable research,…

A: Note: Hi there! Thank you for posting the question. As there are several independent questions,…

Q: Compute the expected return and risk of stocks A and B а.

A: The given table is Month  1 2 3 Total A(%) 2 1 4 7 B(%) 9 6 5 20 Total 11 7 9 27…

Q: 2. If an insurance company issues a $200,000 five-year policy on a man whose probability of living…

A: It is given that an insurance company issues a $200000 five years policy on a man whose probability…

Q: A player receives P250 if the results of tossing three coins are all heads or all tails. On the…

A: Sample space when three coins are tossed, S=HHH, HHT, HTH, THH, TTH, THT, HTT, TTT ns=8 P(Getting…

Q: A robber is thinking of committing  a robbery. He has a 0.5 probability of obtaining $2500 and a 0.5…

A: Given information: In a robbery, let X be the amount obtained on committing a robbery. The…

Q: If a raffle had a mathematical expectation of -$3.25, what would that mean?

A: The mathematical expectation value for the raffle is -$3.25.