A local youth group is selling raffle tickets to raise money for a trip. A raffle ticket costs $4. There are 4 winning tickets out of the 484 tickets sold. Each winning ticket holder gets a prize worth $65. What is the expected value to the purchaser of one raffle ticket? $   Round your answers to the nearest cent.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Expected value- The expected value is predicted future value of an event taking place in the…

Q: A television program reported that the U.S. (annual) birth rate is about 16 per 1000 people, and the…

A: A television program reported that the U.S. (annual) birth rate is about 16 per 1000 people, and the…

Q: Richie’s Insurance Company offers a $250,000 life insurance policy for a premium of $750 per year.…

A: Expected value :- E(X) = ∑xP(x)

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: From the provided information, the total number of tickets they will sell = 700. So,

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: The net gain for each prize is,

Q: A grab bag contains 12 packages worth $0.80, 15 packages worth $0.40 and 25 packages worth $0.30.…

A: A garb contains totally 52 packages in which 12 packages worth $0.80, 15 packages worth $0.40 and 25…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

Q: At your high school, you are trying to determine the probability that a student takes Spanish given…

A: To determine the probability that a student takes Spanish given that the student is taking…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: In a game, you have a 1/43 probability of winning $142 and a 42/43 probability of losing $6. What is…

A: The probability of winning $142 is 1/43 and the probability of losing $6 is 42/43.

Q: A 30-year-old man pays $230 for a one-year life insurance policy with coverage of $100,000. If the…

A: From the provided information, A 30-year-old man pays $230 for a one-year life insurance policy with…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given data: The cost of a ticket is C=$7. The total numbers of the ticket are n=900. The amount of…

Q: You have 4 quarters and 2 dimes in your pocket. You draw two out at random. What is the expected…

A: If we pick 2 coins then 3 cases can happen

Q: ) In a game, you have a 1/36 probability of winning $94 and a 35/36 probability of losing ss. What…

A: Let X denote the value of the game.  Given that P(X = 94) = 1/36 P(X = -8) = 35/36

Q: Robert bought a $5 lottery ticket such that 1 in 100 would win $10, 1 in 1000 would win $100, and 1…

A: Given data: Robert bought a $5 lottery ticket such that 1 in 100 would win $10, 1 in 1000 would win…

Q: In a raffle, one ticket out of 1,000 will win a $130 prize. The rest will win nothing. If you have a…

A:

Q: A film distribution manager calculates that 8 % of the films released are flops. If the manager is…

A: Where,

Q: At your high school, you are trying to determine the probability that a student takes Spanish given…

A: The given probalem is the case of Conditional probability: Example: Probability of A given B i.e P…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: From the given information we want to find expected value of profit.

Q: In order to raise money for a local senior citizen's home, the town council of Smallville decides to…

A:

Q: You are playing a game: When you toss a die and get a 1 or 2, you pay $4 If you get 3, 4, 5, or 6,…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given that, The student council is hosting a drawing to raise money for scholarships. They are…

Q: Chauncey Billups, a current shooting guard for the Los Angeles Clippers, has a career free-throw…

A: Option (c) is right.

Q: While working on your Auto-repair Shop, you noticed that the probability of receiving 0, 1, 2, 3 or…

A:

Q: According to a 2009 Reader's Digest article, people throw away about 14% of what they buy at the…

A: Given data, p=14% =0.14 n=144 P(p<0.2)=?

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given information- No. of lottery ticket sold = 900 Price of a lottery ticket = $10 The prizes are:…

Q: In a game of chance, the probability of winning a $50 prize is 40 percent, and the probability of…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: At a lottery competition, a person pays 20R to participate in the competition. If he rolls two dice…

A: Expected gain = sum(p*x)

Q: The student council is hosting a drawing to raise money for and will sell 700 tickets. There is one…

A: Here AS PER POLICY I HAVE CALCULATED FIRST MAIN QUESTION  PLZ REPOST FOR REMAINING PARTS

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: From the provided information, The students are selling tickets for $9 each and will sell 900…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given, selling tickets for $7  Number of tickets sold for each = 600

Q: At a raffle, 10,000 tickets are sold at $5 each for three prizes valued at $4800, $1,200, and $400.…

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

Q: In a game you have a 1/99 probability of winning $500 and a 98/99 probability of losing $30. What is…

A: Formula to find expected value is as follows : E(X) = ∑xP(x)

Q: Find his expected amount of winning.

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: The cost of a single ticket is $5. Total tickets are 500.

Q: Suppose that you and a friend are playing cards and decide to make a bet. If you draw three fives in…

A: GivenIf you draw three fives in succession from a standard deck of 52 cards with replacement, you…

Q: In a proposed business venture, a company estimates that there is a 60% chance the company will make…

A: Introduction: Hey there! Thank you for the question. As you have posted multiple questions,…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Profit: To earn profit by selling tickets for any show, meeting, or gathering, prize money is…

Q: According to a survey, 10% of Americans are afraid to fly. Suppose 1100 Americans are sampled. a)…

A: (a). Find the probability that 121 or more Americans in the survey are afraid to fly: It is given…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: It is given that the number of tickets is 600 and the numbers of prizes are 1 grand, 4 second, and…

Q: Chandler offers you the opportunity to play his $2 game where he shuffles four cards and you must…

A: Expected profit E(X)= x.P(X=x)

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Total tickets= 600         Prize Cost of ticket Winning amount =Prize - Cost of ticket Number of…

Q: What's the probability that a good credit customer will now not receive a loan (Type I error)? a=…

A:

Q: You have 4 quarters and 2 dimes in your pocket. You draw two out at random. What is the expected…

A: If we pick 2 coins then 3 cases can happen: Cases Number of ways Probability(pi) Amount(xi) 1)…

Q: (a) What is the probability that a sampled woman has four children? Round your answer to four…

A: Given data is  No.of children No.of women 0 12598 1 7467 2 11269 3 7038 4 3782 5 1820…