1. A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $5 each. You decided to buy one ticket. Outome Profit (x) a. Fill in the table (add or delete rows if necessary) Answer: b. Find the expectation if a person buys one ticket. P(x) c. Is it a fair game? Explain. Is it a fair game? Explanation: x P(x)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 15E: A Game of Chance A box contains 100 envelopes. Ten envelopes contain $10 each, ten contain $5 each,...
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1. A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand
tickets are sold at $5 each. You decided to buy one ticket.
vestigate
Outome
Profit (x)
a. Fill in the table (add or delete rows if necessary)
Answer:
b. Find the expectation if a person buys one ticket.
c. Is it a fair game? Explain.
Is it a fair game?
Explanation:
F6
OLD
F7
P(x)
点
F8
F9
W
prt sc
F10
x P(x)
home
F11
end
Transcribed Image Text:Paragraph Styles 1. A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $5 each. You decided to buy one ticket. vestigate Outome Profit (x) a. Fill in the table (add or delete rows if necessary) Answer: b. Find the expectation if a person buys one ticket. c. Is it a fair game? Explain. Is it a fair game? Explanation: F6 OLD F7 P(x) 点 F8 F9 W prt sc F10 x P(x) home F11 end
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