A lottery that sells 150,000 tickets has the following prize structure: (1) first prize of $1000 (2) 5 second prizes of $200 (3) 25 third prizes of $100 (4) 1000 fourth prizes of $20 (a) Let ? be the winning amount of a randomly drawn lottery ticket. List the probability distribution of ? for each of the prizes. Table of ? and f(x)
A lottery that sells 150,000 tickets has the following prize structure: (1) first prize of $1000 (2) 5 second prizes of $200 (3) 25 third prizes of $100 (4) 1000 fourth prizes of $20 (a) Let ? be the winning amount of a randomly drawn lottery ticket. List the probability distribution of ? for each of the prizes. Table of ? and f(x)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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A lottery that sells 150,000 tickets has the following prize structure:
(1) first prize of $1000
(2) 5 second prizes of $200
(3) 25 third prizes of $100
(4) 1000 fourth prizes of $20
(a) Let ? be the winning amount of a randomly drawn lottery ticket.
List the
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compute the mean or expected payout of the ticket.
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