Chapter 9.1, Problem 36E

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10th Edition

Ron Larson

ISBN: 9781305860919

Textbook Problem

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**Games of Chance** If *x* is a player’s net gain in a game of chance, then *E(x)* is usually negative. This value gives the average amount per game the player can expect to lose over the long run. In Exercises 35 and 36, find the player’s expected net gain for one play of the specified game.

**Raffle** A service organization is selling $2 raffle tickets as part of a fundraising program. The first prize is a boat valued at $2950, and the second prize is a camping tent valued at $400. In addition to the first and second prizes, there are 25 $20 gift certificates to be awarded. The number of tickets sold is 3000.

To determine

**To calculate:** The expected net gain if the first prize is a boat valued at

Explanation

**Given Information:**

The first prize is a boat valued at

**Formula used:**

The expected value can be calculated from any table is,

**Calculation:**

Since the first prize is

Therefore, the table from the above information is,

Sect-9.1 P-1CPSect-9.1 P-2CPSect-9.1 P-3CPSect-9.1 P-4CPSect-9.1 P-5CPSect-9.1 P-6CPSect-9.1 P-1SWUSect-9.1 P-2SWUSect-9.1 P-3SWUSect-9.1 P-4SWU

Sect-9.1 P-5SWUSect-9.1 P-6SWUSect-9.1 P-7SWUSect-9.1 P-8SWUSect-9.1 P-9SWUSect-9.1 P-10SWUSect-9.1 P-1ESect-9.1 P-2ESect-9.1 P-3ESect-9.1 P-4ESect-9.1 P-5ESect-9.1 P-6ESect-9.1 P-7ESect-9.1 P-8ESect-9.1 P-9ESect-9.1 P-10ESect-9.1 P-11ESect-9.1 P-12ESect-9.1 P-13ESect-9.1 P-14ESect-9.1 P-15ESect-9.1 P-16ESect-9.1 P-17ESect-9.1 P-18ESect-9.1 P-19ESect-9.1 P-20ESect-9.1 P-21ESect-9.1 P-22ESect-9.1 P-23ESect-9.1 P-24ESect-9.1 P-25ESect-9.1 P-26ESect-9.1 P-27ESect-9.1 P-28ESect-9.1 P-29ESect-9.1 P-30ESect-9.1 P-31ESect-9.1 P-32ESect-9.1 P-33ESect-9.1 P-35ESect-9.1 P-36ESect-9.1 P-37ESect-9.1 P-38ESect-9.2 P-1CPSect-9.2 P-2CPSect-9.2 P-3CPSect-9.2 P-4CPSect-9.2 P-5CPSect-9.2 P-1SWUSect-9.2 P-2SWUSect-9.2 P-3SWUSect-9.2 P-4SWUSect-9.2 P-5SWUSect-9.2 P-6SWUSect-9.2 P-7SWUSect-9.2 P-1ESect-9.2 P-2ESect-9.2 P-3ESect-9.2 P-4ESect-9.2 P-5ESect-9.2 P-6ESect-9.2 P-7ESect-9.2 P-8ESect-9.2 P-9ESect-9.2 P-10ESect-9.2 P-11ESect-9.2 P-12ESect-9.2 P-13ESect-9.2 P-14ESect-9.2 P-15ESect-9.2 P-16ESect-9.2 P-17ESect-9.2 P-18ESect-9.2 P-19ESect-9.2 P-20ESect-9.2 P-21ESect-9.2 P-22ESect-9.2 P-23ESect-9.2 P-24ESect-9.2 P-25ESect-9.2 P-26ESect-9.2 P-27ESect-9.2 P-28ESect-9.2 P-29ESect-9.2 P-30ESect-9.2 P-31ESect-9.2 P-32ESect-9.2 P-33ESect-9.2 P-34ESect-9.2 P-35ESect-9.2 P-36ESect-9.2 P-37ESect-9.2 P-38ESect-9.2 P-39ESect-9.3 P-1CPSect-9.3 P-2CPSect-9.3 P-3CPSect-9.3 P-4CPSect-9.3 P-5CPSect-9.3 P-6CPSect-9.3 P-7CPSect-9.3 P-1SWUSect-9.3 P-2SWUSect-9.3 P-3SWUSect-9.3 P-4SWUSect-9.3 P-5SWUSect-9.3 P-6SWUSect-9.3 P-1ESect-9.3 P-2ESect-9.3 P-3ESect-9.3 P-4ESect-9.3 P-5ESect-9.3 P-6ESect-9.3 P-7ESect-9.3 P-8ESect-9.3 P-9ESect-9.3 P-10ESect-9.3 P-11ESect-9.3 P-12ESect-9.3 P-13ESect-9.3 P-14ESect-9.3 P-15ESect-9.3 P-16ESect-9.3 P-17ESect-9.3 P-18ESect-9.3 P-19ESect-9.3 P-20ESect-9.3 P-21ESect-9.3 P-22ESect-9.3 P-23ESect-9.3 P-24ESect-9.3 P-25ESect-9.3 P-26ESect-9.3 P-27ESect-9.3 P-28ESect-9.3 P-29ESect-9.3 P-30ESect-9.3 P-31ESect-9.3 P-32ESect-9.3 P-33ESect-9.3 P-34ESect-9.3 P-35ESect-9.3 P-36ESect-9.3 P-37ESect-9.3 P-38ESect-9.3 P-39ESect-9.3 P-40ESect-9.3 P-41ESect-9.3 P-42ESect-9.3 P-43ESect-9.3 P-44ESect-9.3 P-45ESect-9.3 P-46ESect-9.3 P-47ESect-9.3 P-48ESect-9.3 P-49ESect-9.3 P-50ESect-9.3 P-54ESect-9.3 P-55ESect-9.3 P-56ESect-9.3 P-57ECh-9 P-1RECh-9 P-2RECh-9 P-3RECh-9 P-4RECh-9 P-5RECh-9 P-6RECh-9 P-7RECh-9 P-8RECh-9 P-9RECh-9 P-10RECh-9 P-11RECh-9 P-12RECh-9 P-13RECh-9 P-14RECh-9 P-15RECh-9 P-16RECh-9 P-17RECh-9 P-18RECh-9 P-19RECh-9 P-20RECh-9 P-21RECh-9 P-22RECh-9 P-23RECh-9 P-24RECh-9 P-25RECh-9 P-26RECh-9 P-27RECh-9 P-28RECh-9 P-29RECh-9 P-30RECh-9 P-31RECh-9 P-32RECh-9 P-33RECh-9 P-34RECh-9 P-35RECh-9 P-36RECh-9 P-37RECh-9 P-38RECh-9 P-39RECh-9 P-40RECh-9 P-41RECh-9 P-42RECh-9 P-43RECh-9 P-44RECh-9 P-45RECh-9 P-46RECh-9 P-47RECh-9 P-48RECh-9 P-49RECh-9 P-50RECh-9 P-51RECh-9 P-52RECh-9 P-53RECh-9 P-54RECh-9 P-55RECh-9 P-56RECh-9 P-57RECh-9 P-58RECh-9 P-59RECh-9 P-60RECh-9 P-61RECh-9 P-62RECh-9 P-1TYSCh-9 P-2TYSCh-9 P-3TYSCh-9 P-4TYSCh-9 P-5TYSCh-9 P-6TYSCh-9 P-7TYSCh-9 P-8TYSCh-9 P-9TYSCh-9 P-10TYSCh-9 P-11TYSCh-9 P-12TYSCh-9 P-13TYSCh-9 P-14TYSCh-9 P-15TYSCh-9 P-16TYS

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