A company gives each worker a cash bonus every Friday, randomly giving a worker an amount with these probabilities: $10-0.75, $50-0.25. Over many weeks, what is a worker's expected weekly bonus?

Q: In a gambling game, on every play, there is a 0.1 probability that you win $11 and a 0.9 probability…

A: given that 0.1 probability of winning $11 0.9 probability of loosing $3 Xi 11 -3 P(Xi) 0.1 0.9…

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A:

Q: In American Roulette, a bettor may place a $1 bet on any of the 38 numbers on the roulette wheel.…

A: We have given,Total number on the roulette wheel = 38Probability of getting a number (winning bet) =…

Q: In the first quarter of​ 2013, company A held approximately 76% of the wireless phone market in a​…

A:

Q: A man purchased a $25,000, 1-year term-life insurance policy for $350. Assuming that the probability…

A: Given:A man purchased a $25,000, 1-year term-life insurance policy for $350.The probability that he…

Q: Example 10: A survey from Teenage Research Unlimited (Northbrook, Illinois) found that 30% of…

A: Given: n=5p=30%=0.3q=1-p=1-0.3=0.7

Q: A game show contestant is offered the option of receiving a computer system worth ​$2300 or…

A: Given Data: Prize (x) P(x) x P(x) 4300 0.2 860 7800 0.15 1170

Q: Sixty percent of new drivers have had driver education. During their first year, new drivers without…

A: Define the following events : A : committing an accident. B : driver having proper driver education.…

Q: the company figures that the probability of the house being burned down by fire is 0.005, what will…

A: Given that an insurance company insures a house worth P4,500,000 for an annual premium of P25,000.

Q: In a tennis match, with the score at deuce, the game is won by the first player who gets a clear…

A: The game is at Deuce. Now, the probability of scoring a point = θ.

Q: An oil company has determined that the probability of finding oil at a particular drilling operation…

A: Let p be the probability of finding oil at perticular drilling operations.  Given p=0.20  Let X be…

Q: Finally expected loss

A:

Q: A man purchased a $23,000, 1-year term-life insurance policy for $400. Assuming that the probability…

A: Given that probability that he will live for another year = 0.987 Probability that he will die…

Q: To avid detection at customs, a traveler places 6 narcotic tablets in bottle containing 9 vitamin…

A:

Q: A couple decides to continue to have children until they have two males. Assuming that P(male)=0.4,…

A:

Q: Danny selects a glass bottle from the shelf randomly without looking and then tosses the fair coin.…

A: The selection of glass bottles and tossing coins are two independent events.  So, we have to find…

Q: A sales firm receives, on average, 3 calls per hour on its toll-free number. For any given hour,…

A:

Q: A contractor is considering a sale that promises a profit of $23,0000 with a probability of 0.7 or a…

A:

Q: An individual who owns the ice cream concession at a sporting event can expect to net $600 on the…

A:

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: Final answer is: 5446 silver coins

Q: A contractor is considering a sale that promises a profit of $31,000 with a probability of 0.7 or a…

A: Profit is $31,000 with probability of 0.7. Loss is $13,000 with probability of 0.3.

Q: Out of 800 families with four children each, what percentage would be expected to have no girls?…

A: Given that, Out of 800 families with four children each and  boys and girls are equally likely to…

Q: In a large casino, the house wins on one of its games with a probability of 51%. All bets in the…

A:

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: From the given information, the probability of surviving such a quest is 94.0% and the probability…

Q: Does it pay for a raise? A national survey of heads of households showed the percentage of those who…

A: We have to find given probability.

Q: a fair coin is tossed three times. what is the probability of obtaining at least two tails?

A: Let S be the number of outcomes when the coin tossed three times and A be the possibilities to get…

Q: If a shopkeeper earns  $400 a day when it's weekend and $ 300 when its working day. What should be…

A: Given, If a shopkeeper earns  $400 a day when it's weekend and $ 300 when its working day. The…

Q: A geological study indicates that an exploratory oil well drilled in a certain region should strike…

A: Given, Total of trials=n = 3 Probability of success=p=0.25 Probability of failure=q = 1-0.25=0.75  x…

Q: Does pay to ask for a raise? A national survey of heads of households showed the percentage of those…

A: (a) From the given information, the men interviewed 24% had asked for a raise. The probability of…

Q: If BIC charge

A:

Q: A church is holding a raffle and sells 500 tickets for $2 each. If the church awards one $100 first…

A: There is one $100 prize  So the probability of winning $100 is = 1/500    there are two $50 prize So…

Q: Does it pay to ask for a raise? A national survey of heads of households showed the percentage of…

A: Solution: The given information is: Of the women interviewed, 26% had asked for a raise, and of…

Q: Fill the table above with random variables and corresponding probabilities? - Calculate the…

A:

Q: An insurance company insures a house worth P4.500,000 for an annual premium of P25,000. If the…

A: The company's expected profit is obtained as given below: Expected value: Expected…

Q: A contractor is considering a sale that promises a profit of $26,000 with a probability of 0.7 or a…

A:

Q: - An American Society of Investors survey found 30% of individual investors have used a discount…

A: 13 Given that 30% of individual investors have used a discount broker. The sample size is 9. Let us…

Q: Does it pay to ask for a raise? A national survey of heads of households showed the percentage of…

A: Given: The raise was asked by 20% of the men and 64% of the men who asked for a raise received it.

Q: ) A football match played between Alanyaspor and Başakşehir teams ended 3-3. What is the probability…

A: A football match ended = 3-3 Total number of matches = 6 To find the probability that Alanyaspor…

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: According to a life insurance​ company's mortality​ table, the probability that a woman of a certain…

A: The given data: Probability that a woman will survive= 0.993 Probability that the woman will die =…

Q: Upon analyzing the cash register receipts of a large department store over an extended period of…

A: let x be the no of customer pay using credit card follow binomial distribution with(n=5 and p=0.3)…

Q: A church is holding a raffle and sells 500 tickets for $2 each. If the church awards one $100 first…

A: Note:Hey there! Thank you for posting the question. Your question says “what is the expected value…

Q: Approximately half of the customers who shop at a particular grocery store are loyalty club members.…

A: Approximately half of the customers who shop at a particular grocery store are loyalty club members.…

Q: A company gives each worker a cash bonus every Friday, randomly giving a worker an amount with these…

A: From the provided information, x 10 50 p(x) 0.9 0.1

Q: for MGMT2021 during the 2021/2022 academic year, what is the probability that this student attended…

A: here from given information , attend the live class  = L attend tutorial  = T

Q: A certain group of women has a 0.06% rate of red/green color blindness. If a woman is randomly…

A: Concept: Compliments are the mutually exclusive pair of events. The complementation rule states that…

Q: It is found that a certain pharmaceutical cures symptoms in 35% adults. If 500 people take the…

A: Givenp=0.35n=500x~Binomial(n=500,p=0.35)P(X=x)=(nx)(p)x(1-p)n-x   ; x=0,1,..,n