In a game, you have a 1/48 probability of winning $55 and a 47/48 probability of losing $9. What is your expected value? O -$8.81 O $9.96 O $1.15 O -$7.67

Q: Suppose the probability of a successful long hit is 0.4. Which approach, the short hit or the long…

A: According to the provided information, From the given information, Miguel thinks that if the long…

Q: A construction company has been hired to build a custom home. The builder estimates the…

A: In statistics, the expected value is calculated by multiplying each of the possible outcomes by the…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $4.…

A: Given information Cost of raffle ticket=$4 There is 1 winning out of 180 ticket. Prize of winner=$62…

Q: An insurance policy sells for $800.Based on past​ data, an average of 1 in 50 policyholders will…

A:

Q: What is the expected value? a. 2.79 O b. 1.97 O c. 2.97 o d. 1.79 How should the expected value be…

A:

Q: Provide an appropriate response with details. A 28 year old man pays $206 for a one year life…

A: From the given information, the probability of he will live through the year is 0.9992. And a 28…

Q: Sa(2) = {, n= 4 What is the expected value of the random variable x? E(x)=?

A: The probability distributive function is fxx=n+1cx3,     0≤x≤20,                  otherwise

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2.…

A: Given that, the cost of the raffle ticket is $2, an1 winning ticket was sold out of the 260 tickets…

Q: 5. In a proposed business venture, a company estimates that there is a 60% chance the compaHY chance…

A:

Q: In a bag there are 8 red balls,  and 2 pink balls.  You pay 9 dollars to draw 2 balls.  If you draw…

A: The number of red balls are 8. The number of pink ball are 2. The number of ball can be drawn are 2.

Q: A construction company is planning to bid on a building contract. The bid costs the company ​$1800.…

A: Given that the probability that the bid is accepted is= 25So the probability that the bid is not…

Q: 10) A bag contains 10 Mars Bars and 8 Snicker Bars. You reach and take 4 bars. a) What is the…

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Q: sa e -e Sb (5)= 5(b-a) Calculate the expected value of the random variable X.

A: It is the mgf of uniform distribution such that X~ U(a,b)

Q: alottery ticket costs you $5. 10,000 lottery tickets are sold with only one ticket can win $5,000.…

A: It was stated that a lottery ticket costs $5. 10,000 lottery tickets are sold with only one ticket…

Q: An insurance policy sells for $1200. Based on past data, an average of 1 in 100 policyholders will…

A:

Q: I own a bar by Raymond James Stadium when the Bucs play. I do a lot of business game day. If the…

A: Let X be the discrete random variable with the probability value P(X=xi). The expected value is…

Q: Refer to the table to find the missing probability and then find the expected value. Outcome value,…

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Q: What is the expected value (to you) of one raffle ticket? $ Calculate the expected value (to you)…

A: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3.…

Q: (b) What is the expected value of player's winnings? Round to the nearest hundreth. 0.26 x (c)…

A:

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A: As per bartleby guidelines only first three subparts are to be solved. Please upload other parts…

Q: Lottery: In the New York State Numbers lottery, you pay $3 and can bet that the sum of the numbers…

A: The formula for expected value of profit is given below:

Q: A company makes electronic components for TV's. 0% pass final inspection. 110 components are…

A: Given : No. of Trials (n) = 110  Let, "x"  be no. of failed inspections in one day  Success: failing…

Q: Appendix A Statistical Tables a. What is the probability that exactly seven are retired people? P(x…

A:

Q: What is the expected value of an outcome when throwing fair dice in this case?  1) 4    2) 3   3).…

A: When a fair die is rolled, there are 6 possible outcomes with equal chance of occurrence. The…

Q: Siven the following probability distribution, what is the expected value?

A: It is an important part of statistics. It is widely used.

Q: You toss a biased coin until you get the pattern HT. The probability of heads is . What is the…

A: Given that, The probability of getting head is Then , the probability of getting tail is ,   Let…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3.…

A: Given information- Cost of a raffle ticket = $3 Total no. of tickets sold = 270 So, the probability…

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: Air Bag Safety   According to a study conducted by the a public health school, a child seated in the…

A: Given data According to study conducted by public health school  a child seated in the front seat…

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 9…

A: Expected value: The expected value of a random variable is the sum of the possible values that the…

Q: A game has an expected value to you of ​$100. It costs ​$100 to​ play, but if you​ win, you receive​…

A:

Q: The probability of a player scoring a goal is 0.70. what is the probability that a the 5th goal is…

A: According to the provided information, x=8 r=5 p=0.7

Q: You are deciding to launch your own jewelry line.  After researching the market, you predict you…

A: Given data After researching the market you predict you have a 37% chance of earning a $5200 and a…

Q: Air Bag Safety According to a study conducted by the a public health school, a child seated in the…

A: Let the probability that the child gets killed in an accident when the airbags did not deploy be x.…

Q: Terry is a 60% free throw shooter and is in a one-and-one situation. (You need to make the 1st free…

A:

Q: Find the expected value of the probability model.

A: Expected value of probability model E(x)=∑xiPxi

Q: A construction company is planning to bid on a building contract. The bid costs the company $1300.…

A: We first make a table using the given information Gained amount (xi) 68000-1300=66700 -1300…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3.…

A:

Q: A casino features a game in which a weighted coin is tossed several times.The table shows the…

A: According to the provided data, a weighted coin is tossed several times. The table below shows the…

Q: Sally decides to do an experiment to see how many times her MP3 player will shuffle through her…

A: Given data shows the probability distribution of "The Googly Girls" per hour. x 0 1 2 3 p(x)…

Q: What is the expected value? 1.22 1.05 1.77 1.50

A: Given that ;  X  and thier corresponding probability is given P(X = x) .  By using expectation…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $4.…

A: Given, The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket…

Q: A radio station is having a contest. There is a vacation package worth $15,000. Three prizes are…

A: Vacation package worth $15,000 Coffee shop worth $1000 Tutoring math course worth $500 No of people…

Q: Amari's family is moving to California and would like to purchase fire insurance. The insurance…

A: Here  w  = net gain for insurance company per policy  Probability of fire happens 0.0008 And…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2.…

A: We know Expected Value is the average gain or loss if the event is occured many times Concept Used:-…

Q: A local community center is holding a raffle for its members.  There is one grand prize of $500,…

A: A) For a person: x (net profit) 495 95 20 -5 p (probability) 1/200 4/200 15/200 180/200 So,…

Q: Given the following probability distribution, what is the expected value? Outcome P(Outcome) 38…

A: The mean of a discrete probability distribution is given by,

Q: In a proposed business venture, a businesswoman estimates there is a 60% chance she will make…

A: Given: There are 60% chances that she will make $52000 and 40% chances that she will lose $53000. To…

Q: An investor is considering a $30,000 investment in a start-up company. She estimates that she has a…

A: Given information- Let X denotes the profit. We have given that an investor is considering a $30,000…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs…

A: Probability of winning ticket is- P(winning ticket)=1150 Probability of losing ticket is- P(losing…

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.