A lottery has sold 150 000 tickets and the prizes are as follows. Find the expectation of this lottery. Prize($) 500 000 # of prizes 1 50 000 2 5 000 5 500 20

Q: A lawyer in a court case estimates that with probability 0.25 she will win $100,000, with…

A: We will make a probability distribution for the winning amount winning amount (xi) 100000 10000 0…

Q: At the Royal Dragon Chinese​ restaurant, a slip in the fortune cookies indicates a dollar amount…

A: Given data: The total numbers of fortune cookies are n=10. The number of fortune cookies that…

Q: A weekly commission has the following probabilities: Commission 0 $200 $300 $400 $600 Probability…

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Q: Mohammed has bought a television from Samsung at a cost of 400 R.O. He has an option of buying an…

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

Q: Probabilities that customers A, B, and C purchase an item are 0.7, 0.6, and 0.1 correspondingly.…

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Q: A grocery store employs cashiers, stock clerks, and deli/bakery workers. The distribution of…

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Q: Krinkles potato chips is having a “lucky seven sweepstakes.” The one grand prize is $70,000; 7…

A: Given: In a contest number of prices and pay are given and N=9000000 Price Pay 1 $70,000 7…

Q: A manufacturer buys 30% of a certain part from one supplier and 70% from a second supplier. If 2% of…

A: Introduction:Let A be the event that a randomly selected part is from the first supplier; so, AC…

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

A: Given that $10 has probability 0.9 and $50 has probability 0.1 So the X values are 10 and 50 The p…

Q: To generate leads for new business, Gustin Investment Services offers free financial plan- ning…

A: Note: Hi there! Thank you for posting the question. As your question has more than 3 parts, we have…

Q: e 5. A dice is thrown at random what is the expectation of the number on it ?

A: If a die is thrown than the possible outcomes areS=1,2,3,4,5,6P(getting 1)=16P(getting…

Q: If a player bets $2 find the players expectation in dollars

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Q: 21. Birthday Cake Sales The probabilities that a bakery has a demand for 2, 3, 5, or 7 birthday…

A: The probability distribution is given by:

Q: A lottery offers one P400,000 prize, two P150,000 prizes, and four P25,000 prizes. Fifty thousand…

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Q: Consider a broker who sells lottery tickets at a price of 1$. 10% of the tickets pay a "win" of 2$,…

A: Let X denote the winning price. Thus, we have the probability distribution of X as, P(X=x) 0.1…

Q: • City of Quincy Raffle - A City of Quincy raffle offers one $800 prize, two $400 prizes and seven…

A: Given that city of Quincy raffle offers one prize of $800, 2 prizes of $400 and 7 prizes of $100.…

Q: A lottery offers one $500 prize, and one $100 prize. One thousand tickets are sold at $5 each. Find…

A: Given info: The lottery offers one $500 prize and one $100 prize. One thousand tickets are sold at…

Q: A leisure ice rink in a recreational centre has public skate for 18 minutes, skating lessons for 30…

A: Let A denote public skating, B denote skating lessons and C denote ice cleaning. Here the required…

Q: An investor can sell an investment now for P10,000. Another alternative is hold the investment for…

A: Given : Current Price = P 10,000 Sales Price = X Probabilities = Y P 5000 0.4 P 10,000 0.2…

Q: *1. In the Virginia lottery in 1992, six numbers were drawn at random from 44 numbers; the winner…

A: Given: Cost of each ticket with the winning combination = $1 Total number of combinations = 7059052…

Q: A Student at University of Toronto has applied for a scholarship. The student is wait- ing to…

A: Hello! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts.  In case…

Q: A raffle offers one $8000.00 prize, one $4000.00 prize, and five $1600.00 prizes. There are 5000…

A: Given information: A raffle offers: one $8000.00 prize one $4000.00 prize five $1600.00 prizes The…

Q: In a game, the gamer wins 20 dollars if s/he gets the number "6" facing up in rolling a fair die;…

A: If s/he gets a 6 on rolling a die, the gamer wins = $20 There are 6 possible outcomes on rolling of…

Q: The Triple L investment club is considering purchasing a certain stock. After considerable research,…

A: Given, the triple L club is considering a certain stock. after considerable research, the club…

Q: A lottery offers one 400,000 prize, two 150,000 prize and four 25,000 prizes. Fifty thousand tickets…

A: The probability of winning 400,000 prize is equal to P(winning 400,000) = 150,000 The probability of…

Q: A raffle offers one $800 prize, two $400 prizes and 6 $100 prizes. Two thousand tickets are sold at…

A: Given that total n=2000 tickets are sold. For each ticket the price is $50. A raffle one prize of…

Q: In a certain online computer game, there are 440 players who are not on the Green Team and 1000…

A: The number of players who are not on the green team is 440.

Q: Police plan to enforce speed limits by using radar traps at 4 different locations within the city…

A: The following is given, Radar traps L1, L2, L3, and L4 are operated 30%, 40%, 20%, and 10% of the…

Q: You have won a contest. Your prize is to select one of 6 envelopes and keep what's in it. Three of…

A: There are totally 6 envelopes out of which getting one envelope has the probability 16. The…

Q: BBM, Leni, Isko and Ping compete in a game and are ranked from 1 to 4. They then compete in another…

A: Given that  Ranking 1,2,3,4  They then compete in another game and are again ranked from 1 to 4.…

Q: (with replacement) A raffle offers one 100,000 prize, one 50,000 prize, and five 10,000 prizes. One…

A: The probability of winning first prize is  P1=11000 The probability of winning second prize P2=11000…

Q: 5. A charitable organization raises funds by selling 2000 raffle tickets for a first prize worth…

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Q: An experiment can be a success with the probability p and a failure with the probability 1 - p. The…

A: Let Pn(A) denotes the probability of n trials.Pn,m is exactly m success in ntrials.…

Q: 6.) Investment Club. The triple L investment club is considering purchasing a certain stock. After…

A: Given that  Chance of making $10,000 = 60% = 0.60 Chance of making break even = 10% = 0.10  Chance…

Q: Police plan to enforce speed limits by using radar traps at four different locations within the city…

A:

Q: A City of Quincy raffle offers one $800 prize, two $400 prizes and seven $100 prizes. Two thousand…

A: one $800 prize two $400 prizes seven $100 prizes. Two thousand tickets are sold at $50 each.

Q: A business evaluates a proposed venture as follows. It stands to make a profit of $12,000 with…

A: The expected of profit can be found by first making the probability distribution table and then…

Q: A lottery offers one P1000 prize, one P1500 prize and five P200 prizes. One thousand tickets are…

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Q: A lottery offers one $1000 prize, two $500 prize, and five $100 prizes. One thousand tickets are…

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Q: Suppose a high school gymnasium bag contains volleyballs, basketballs, and soccer balls. During…

A: The tree diagram of the possible outcomes for two consecutive physical education classes with…

Q: epresents the cash prizes of the lottery rresponding probabilities. Complete parts c) below. Gr

A: grand prize = $18000000 x P(x) 18000000 0.00000000754 200000 0.00000022 100000…

Q: A payoff table is given as s1 s2 s3 d1 250 750 500 d2 300 -250 1200 d3 500 500 600 (a) If the…

A: From the given information, The payoff tables is,   s1 s2 s3 d1 250 750 500 d2 300 -250 1200…

Q: When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 17…

A: Given Information: The expected value of $15 bet for a single number is -$1.58. For the $15 bet that…

Q: Find the conditional expectation of (a) Y given X (b) X given Y.

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Q: A competition oers prize money for players reaching the nal. If a player reaches the nal, he/she…

A: Introduction: The semi-final stage of a competition has 4 players called semi-finalists, who are…

Q: Probabilities that customers A, B, and C purchase an item are 0.4, 0.5, and 0.6 correspondingly.…

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Q: When playing roulette at a​ casino, a gambler is trying to decide whether to bet ​$10 on the number…

A: From the provided information, For the $10 bet that the outcome is 00, 0, 1, 2, or 3, there is a…

Q: You are playing a game of chance in which four cards are drawn from a standard deck of 52 cards. You…

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Q: A market in Boston orders oranges from Florida. The oranges are shipped to Boston from Florida by…

A: Given : Lead Time Probability 1 0.20 2 0.50 3 0.20 4 0.10 Total 1

Q: A man runs an ice cream parlour in a holiday resort. If the summer is mild he can sell 2500 cups of…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.