Math

StatisticsQ&A LibraryCompute the probability that you win the million-dollar prize if you purchase a single lottery ticket. Write your answer as a reduced fraction. PP(win) = A single lottery ticket costs $2. Compute the Expected Value, to the state, if 10,000 lottery tickets are sold. Round your answer to the nearest dollar. Answer: $ A single lottery ticket costs $2. Compute the Expected Value, to you, if you purchase 10,000 lottery tickets. Round your answer to the nearest dollar. Answer:Start your trial now! First week only $4.99!*arrow_forward*

Question

In a certain state's lottery, 40 balls numbered 1 through 40 are placed in a machine and eight of them are drawn at random. If the eight numbers drawn match the numbers that a player had chosen, the player wins $1,000,000. In this lottery, the order in which the numbers are drawn does not matter.

Compute the probability that you win the million-dollar prize if you purchase a single lottery ticket. Write your answer as a reduced fraction.

- PP(win) =

A single lottery ticket costs $2. Compute the Expected Value, to the state, if 10,000 lottery tickets are sold. Round your answer to the nearest dollar.

- Answer: $

A single lottery ticket costs $2. Compute the Expected Value, to you, if you purchase 10,000 lottery tickets. Round your answer to the nearest dollar.

- Answer:

Tagged in

Math

Statistics

Find answers to questions asked by students like you.

Q: A psychologist examined the effect of chronic alcohol use/abuse on memory. In this experiment, a typ...

A: From the provided information,

Q: The complete budget using ES times. Suppose the project is on its 10th week. Using this information,...

A: Following is the network diagram: Following completions would have been observed at the end of we...

Q: Standardized measures seem to indicate that the average level of anxiety has increased gradually ove...

A: Given Information : Standardized measures seem to indicate that the average level of anxiety has in...

Q: The average price of a college math textbook is $173 and the standard deviation is $30. Suppose that...

A: Note: Thank you for the question. Since multiple subparts are posted, according to our policy, we ar...

Q: For a standardized psychology examination intended for psychology majors, the historical data show t...

A: mu = 500xbar=512n = 35s = 170

Q: Because of high production-changeover time and costs, a director of manufacturing must convince mana...

A: Given information- We have given that because of high production-changeover time and costs, a direct...

Q: It takes an average of 8.2 minutes for blood to begin clotting after an injury. An EMT wants to see ...

A: Given Information : It takes an average of 8.2 minutes for blood to begin clotting after an injury....

Q: The researchers from a study interviewed two random samples, one in 2015 and one in 2018. Both sampl...

A: Read a print book 2015 2018 total Yes 1195 1372 2567 No 726 605 1331 total 1921 1977

Q: Show work and formula please thank you Which of the following statements is not true of the samplin...

A: Identify the option that is not true about the sampling distribution of sampling mean. The option ...

Q: A possible important environmental determinant of lung function in children is the amount of cigaret...

A: 8.37: : Two tail test: Consider, Power=2Pt<x¯1-x¯2(n1-1)s12+(n2-1)s22n1+n2-21n1+1n2|n1=40 and n2=...

Q: The effectiveness of a blood-pressure drug is being investigated. An experimenter finds that, on ave...

A: Given information- Sample size, n = 832 Significance level, α = 0.20 Sample mean, x-bar = 47.3 Sampl...

Q: A random sample of 100 people was taken. Seventy-nine of the people in the sample favored Candidate ...

A: Click to see the answer

Q: The price per share of stock for a sample of 25 companies was recorded at the beginning of the firs...

A: Beginning End D (d-dbar)^2 53.82 54.19 0.006875 0.002943 77.02 55.7 -0.27681 0.052640 109 102....

Q: Consider the following data coming from a study of three different groups. For this question, assume...

A: Given information Group 1 Group 2 Group 3 1 5 6 3 3 4 3 4 6 1 ...

Q: Find the indicated z score. The graph depicts the standard normal distribution with mean 0 and stand...

A: Solution: From the given information, P(Z>z)=0.1977.

Q: A psychologist is studying the self image of smokers, as measured by the self-image (SI) score from ...

A: Solution: Given information: μ=82 Population meanσ=12 Population standard deviationsx=74 Sample mean...

Q: The amount of coffee that people drink per day is normally distributed with a mean of 17 ounces and ...

A: Here for a normal distribution mean and standard is given. mean, µ = 17 and standard deviation, σ = ...

Q: You have a really annoying stapler that seems to randomly jam. On any given attempt to staple, it se...

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If y...

Q: SAT scores are distributed with a mean of 1,500 and a standard deviation of 304. You are interested ...

A: Solution: 3. From the given information, confidence level is 0.95, σ=304 and E=40.

Q: The following is the number of hours of sleep obtained by eight college freshmen. Use the data to f...

A: The data set is: 7.5 8 6.5 24 8.5 6.5 7 7.5

Q: A genetic experiment with peas resulted in one sample of offspring that consisted of 449 green peas ...

A: Note- Since both are different questions, so according to our policy we can answer only one question...

Q: The owner of a computer repair shop has determined that their daily revenue has mean $7200 and stand...

A: Let X be the daily revenue X has mean μ = $7200 and standard deviation σ = $1200 Sample size n = 30 ...

Q: The price per share of stock for a sample of 25 companies was recorded at the beginning of the firs...

A: Introduction: The 100 (1 – α) % confidence interval for the population mean, μ, when the population ...

Q: I just do letter d and e please and show work thank you A group of students measure the length and ...

A: The dependent variable y is width of the beans and the independent variable x is height of the beans...

Q: Find the P-value for the following values of the test statistic t, sample size n, and alternate hypo...

A: From the provided information, The value of the test statistic t = 3.635 Sample size (n) = 4 H1: µ &...

Q: From the sample space S= {1,2,3,4,..,15}, a single number is to be selected at random. Given the fol...

A: Probability: The chance that something will happen. It is also defined as the ratio of favorable out...

Q: Consider the following hypothesis test. HoiH2 70 HaiH< 70 A sample of 100 is used and the population...

A: Here, the population standard deviation is 12.So, the statistic is given by, Z = x - 7012100 = x - 7...

Q: Question 5 Assume that a sample is used to estimate a population mean u. Find the 90% confidence int...

A: Obtain the 90% confidence interval for the population mean The 90% confidence interval for the pop...

Q: Find the P-value for a left-tailed hypothesis test with a test statistic of z = - 1.68. Decide wheth...

A: It is given that, the test is a left-tailed hypothesis (One-tailed test) with Z=-1.68 So, P-value is...

Q: What is the answer?

A: a. Given that, n=700; p^=0.20 Confidence level is 90% Critical value: The two tailed z critical valu...

Q: You want to buy a washing machine, and a salesperson tells you that the mean repair costs for Model ...

A: Given, -x1 = 211, -x2 = 222 σ1 = 20, σ2 = 25 n1 = 20, n2 = 21 α = 0.01

Q: Last year, 54% of business owners gave a holiday gift to their employees. A survey of business owner...

A: Click to see the answer

Q: Let x be a random variable that represents the percentage of successful free throws a professional b...

A: (d) Obtain the value of b(slope) The value of slope is obtained below as follows: From the informati...

Q: When the area corresponding to the critical value is in the lower tail of the sampling distribution,...

A: Given that the area corresponding to the critical value is in the lower tail of the sampling distrib...

Q: If P(A) =0.55 and P(A and B) =0.22. A and B are independent, find P(B)=?

A: It is given that P(A) =0.55 P(A and B) =0.22 Given, Event A and B are independent then, P(A and B)...

Q: John Believes that 50% of first-time brides in US are younger than than their grooms. He performs a ...

A: State the hypotheses. That is, there is no evidence to conclude that percentage is the different fr...

Q: Smith is a weld inspector at a shipyard. He knows from keeping track of good and substandard welds t...

A: Smith is a weld inspector at a shipyard. He knows from keeping track of good and substandard welds t...

Q: for a population with a µ = 60 and σ = 12 Find the z-score for an x value of 75

A: The mean is 60 and the standard deviation is 12.

Q: I am having trouble solving this problem. Can you please provide me with some help? Thank you. I ...

A: Given that, The telecommunications manager at Lowell Call Center is concerned about the average diff...

Q: Use a t-test to test the claim about the population mean u at the given level of significance a usin...

A: μ=52,300x¯=52,498s=2200n=18α=0.05

Q: The manager of a computer retails store is concerned that his suppliers have been giving him laptop ...

A: Note- As per our policy we can answer only the first 3 sub-parts of a question. If you want solution...

Q: In a survey funded by the University of Washington School of Medicine, 1,580 of 2,000 adult Seattle ...

A: n ≤0.05N ======================

Q: Twenty different statistics students are randomly selected. For each of them, their body temperature...

A: Correlation: A correlation or correlation coefficient is a numerical value that measures and describ...

Q: A researcher would like to examine how the chemical tryptophan, contained in foods such as turkey, c...

A: A researcher would like to examine how the chemical tryptophan, contained in foods such as turkey, c...

Q: The Credit Risk Department of a major bank estimates the default rate on loans under $10,000 to be 2...

A: Given, Default rate on loans under $10,000 is 2%. Bank will make 1600 loans that are under $10,000 n...

Q: Prior to assessment of the outcome, the researchers did a manipulation check. Members of Groups 1 an...

A: Q1)The calculate F-statistic = 184.29Critical f-value at df(1,108) = 3.929Excel formula used: "=F.IN...

Q: Express the confidence interval 0.444 <p<0.888 in the form ptE. p1E =

A: Confidence Interval: Confidence interval is the interval estimate of the population parameter. It i...