1. A box contains ten $1 bills, five $2 bills, three $5 bills, one $10 bill, and one $100 bill. A person is charged $20 to select one bill. Find the expected value for this game. Is this game fair?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 20PPS
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Do number 1
Name:
3. Rish Florist determines the probabilities for the number of flower arrangements they deliver
each day.
6.
7
8
10
P(X)
0.2
0.2
0.3
0.2
0.1
a. Find the mean, variance, and standard deviation.
=
O =
b. Approximately how many arrangements should Rish expect to deliver each week?
Games & Expectation
1. A box contains ten $1 bills, five $2 bills, three $5 bills, one $10 bill, and one $100 bill. A person
is charged $20 to select one bill. Find the expected value for this game. Is this game fair?
2. If a person rolls doubles when he tosses two dice, he wins $5. The cost to play the game is $1.
Is this game fair?
Transcribed Image Text:Name: 3. Rish Florist determines the probabilities for the number of flower arrangements they deliver each day. 6. 7 8 10 P(X) 0.2 0.2 0.3 0.2 0.1 a. Find the mean, variance, and standard deviation. = O = b. Approximately how many arrangements should Rish expect to deliver each week? Games & Expectation 1. A box contains ten $1 bills, five $2 bills, three $5 bills, one $10 bill, and one $100 bill. A person is charged $20 to select one bill. Find the expected value for this game. Is this game fair? 2. If a person rolls doubles when he tosses two dice, he wins $5. The cost to play the game is $1. Is this game fair?
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