Suppose a charitable organization decides to raise money by raffling a trip worth $500. If 3000 tickets are sold at $1.00 each, find the expected payback for a person who buys 1 ticket

Q: In this round, the probability that his winnings will be around 30,000 to 50,000 pesos is While the…

A: In the first round, Shawn has to guess the item hidden in each of the 6 distinct bins. In every bin,…

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: Use the Sales information above to answer this question. What is the expected profit if Jesaki Inc.…

A:

Q: Given this data, for the year: a. The average Acme customer lost power for how long? b. The average…

A:

Q: If the probability of a person winning on a scratch-off lottery ticket is 0.375, the odds of losing…

A: From the provided information, The probability of a person winning on a scratch-off lottery ticket…

Q: In the mean of geometric distribution, the numerator 1 in the formula, pertains to the number of…

A: As per our guidelines we can solve first question rest can be reposted. Solution-: Option (2) False

Q: n the table above, who had the highest average expenditure? who had the owest - eexpondituac?

A: Here  Expidenture of 4 different person is shown The last column shows the Avg Expedinture

Q: When rolling a number cube 800 times what is the probability that a 2 or 5 would be rolled

A: Total Number of faces = 6 P(2) =1/6 P(5)= 1/6 Now, Probability of 2 or 5 is: P(2∪5)=P(2)+P(5)-P(2∩5)…

Q: The probability of getting exactly 1 girl in 8 births

A: Let the random variable x is number of girls. The probability of getting a girl and boy are equal.…

Q: Find the experimental probability of rolling a 2.

A: We have given that the sample space  S = { 1, 2, 3, 4, 5, 6 }.

Q: The quarterly sales figures for the number of shoes (pairs) sold at a shoe shop is shown on the…

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

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: (d) Suppose the left-turn lane is to have a capacity of five cars and one bus is equivalent to three…

A: Here given joint distribution table for x and y X = no of cars Y = no. Of buses

Q: If the average number of visitors to a bank is six people per minute, then the probability of two…

A:

Q: If 52% of the people at a certain conference are doctors, 44% are women, and 67% are doctors or…

A: The union probability for any two events A and B is defined as P(A or B) = P(A)  + P(B) – P(A and…

Q: ) Find the probability that a study participant has a height that is more than 71 inches.

A: It is given that the mean is 68.4 and the standard deviation is 4.0.

Q: The cumulative distribution function can be illustrated by using a simple probability structure.

A: True

Q: Convert the percentages to probabilities and make a hist 0.5 0.4 0.3 (X)

A: Given, a) Histogram :

Q: Please answer P(x)on the Probability Distribution Table in section a.

A:

Q: What is the probability of flipping a coin 50 times and getting tails 24 times or fewer? Round your…

A: Let p be the probability of getting a tail. Then p = 0.5 Let X denote the number of tails in tossing…

Q: An office receives 20 faxed orders every two hoursWhat is the probability that more than 12 minutes…

A: On an average, an office receives 20 faxed orders every two hours. To find: Probability that more…

Q: Suppose in a single month a certain baseball team won 3 games and lost 21 what percentage of the…

A:

Q: If the odds against an event are a to​ b, then the probability that the event occurs is (answer…

A: The objective is to find the probability of event occurs, if odd against event are a to b.

Q: Find the probability that an employee takes two or three personal days.

A: An employer allows its employees up to five “personal” days per year. Random variable X represents…

Q: Find the probability of getting a 1, 5, or 6 when you roll a standard six-sided die

A: When we roll a six-sided die then we can get 6 possible outcomes.  We can get 1, 5 or 6 in 3 ways.…

Q: The probability of drawing a red face card from a deck of cards.   Leave your answer as a percent to…

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Q: find the probability that the student owns a car OR works full-time.

A: Given that Number students own a car = 34 Number of students work full time = 24 Number of students…

Q: What is the amount of risk Lemonade Insurance Company faces if they sell contracts to both Rainie…

A: Hello thank you for the question, As you have mentioned sub-question number d, answering only that…

Q: Find the "mean" of the given probability distribution.

A: Solution: 15. From the given information, the probability distribution of x is

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: A raffle has a grand prize of a Alaskan cruise valued at $15000 with a second prize of a weekend in…

A:

Q: One thousand tickets are sold at $1 each for four prizes of $100, $50, $25, and $10. What is the…

A: Introduction: Denote the random variable X as the amount of win on purchasing one ticket, and p (x)…

Q: If the probability of a person winning on a scratch-off lottery ticket is 0.016, the odds of winning…

A: Given: P(winning a scratch -off lottery ticket) = 0.016

Q: If the probability of 5% movement within 1 week is 95%, what is the weekly movement range with the…

A: It is given that in 1 week, the probability of 5% movement is 95%. We have to calculate the movement…

Q: If the probability of a person winning on a scratch-off lottery ticket is 0.375, the odds of winning…

A:

Q: Find his expected amount of winning.

A:

Q: A rental car company purchased a new Toyota Camry for $35,000. The company determined this asset…

A: NOTE: Refresh your page if you can't see any equations. . The company determined this asset should…

Q: Given that every ninth person in line will get a coupon for a free box of popcorn at the movies,…

A: Given that every ninth person in line will get a coupon for a free box of popcorn at the movies.…

Q: Find the probability of getting a 2, 4, 5, or 6 when you roll a standard six-sided die

A:

Q: The probability that Jimmy Webb will get a hit is one third. Determine the odds as a decimal rounded…

A: Here the probability that Jimmy Webb will get a hit is given as 1/3. We need to find the odds…

Q: raffle offers one Php20,000 cash prize, two Php15,000 prizes, and three Php10,000 prize. Also,  five…

A:

Q: If the probability of a person losing on a scratch-off lottery ticket is 0.955, the odds of losing…

A:

Q: If Amy spends the whole day swimming every Friday, and only Friday, what percentage of her days in a…

A: Amy spends day of friday to swim.  1friday occurs within a weak.  Since 15 Fridays Will come in 15…

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: Find the probability that the average amount paid by the sample of households exceeds $50.

A: Given that  X~N(μ= 48 , σ= 20) μ= 48  , σ= 20

Q: Richies insurance company offers a 250,000 life insurance policy for a premium of $750 per year. If…

A: Let X be the net value of the policy to the insurance company. X be the discrete random variable.…

Q: From same problem directly above, find the probability that exactly 11 patients will recover? From…

A:

Q: Is seniority related to hourly wage? How does the specialist know? What hourly wage would the…

A: A sample of 21 individuals is collected , and a relationship between seniority and wages is studied.…

Q: Given that a 7-digit phone number cannot start with 0 or 1, find the following: The probability of…

A: The number of digits in phone number are 7. The phone number cannot be start with 0 and 1.

Q: Find the probability that 2 or more repair calls will be received in the next hour.

A: Given : repair calls 0 1 2 3 4 probability ? 0.3 0.3 0.2 0.1