A lottery offers one $900 prize, one $600 Prize, three $400 prizes, and four $100 prizes. One thousand tickets are sold at $5 each. Find the expectation if a person buys four tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems.

Answers

Answer 1

Answer:

Expected value for 4 tickets = $ -7.6

Step-by-step explanation:

Given - A lottery offers one $900 prize, one $600 Prize, three $400 prizes, and four $100 prizes. One thousand tickets are sold at $5 each.

To find - Find the expectation if a person buys four tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems.

Proof -

Given that,

A lottery offers

one $ 900 prize

one $ 600 prize

three $ 400 prizes

Four $ 100 prizes

And

One thousand tickets are sold at $ 5 each

Now,

If the person bought 1000 tickets then the prize he gets is

= 900 + 600 + 3×400 + 4×100

= 900 + 600 + 1200 + 400

= $3100

And

The cost of 1000 tickets = 5×1000 = $ 5000

Now,

Price 1 ticket = [tex]\frac{3100}{1000}[/tex] = $ 3.1

⇒Expectation of 1 ticket = $ 3.1 - 5 = $ -1.9      (Here $5 is price of 1 ticket)

⇒Expected value for 4 tickets = $ 4× -1.9 = $ -7.6

⇒Expected value for 4 tickets = $ -7.6


Related Questions

Two rectangular picture frames have the same area of 45 square inches but have different side lengths. Frame A has a length of 6 3/4 inches, and Frame B has a length of 7 1/2 inches. What is the width of frame a and frame b.

Answers

Answer:

Frame A width = 6.67 inches

Frame B width = 6 inches

Step-by-step explanation:

WA = width of frame A

WB = width of frame B

(WA)(6.75) = 45

WA = 6.67

(WB)(7.5) = 45

WB = 6

What is the value of f(x) when x=3?
0 -3
0-2
0 1
04

Answers

01 is the answer! Hope this help

The value of the function when x=3 is approximately 18.83.

What is a function?

Function is a type of relation, or rule, that maps one input to specific single output.

In mathematics, a function is an expression, rule, or law that describes the relationship between one variable (the independent variable) and another variable (the dependent variable) (the dependent variable). In mathematics and the physical sciences, functions are indispensable for formulating physical relationships.

Linear function is a function whose graph is a straight line

We are given that;

The function

Now,

we need to substitute x=3 into the function and simplify it. We get:

3(3)−1​+(1+3)2

=8​+16

≈2.83+16

=4

Therefore, by the given function answer will be 4.

Learn more about function here:

https://brainly.com/question/2253924

#SPJ7

Can someone help please

Answers

i believe it would be d. equilateral. becuz a equilateral triangle is a triangle with 3 equal sides, and 3 equal angles.

If you roll a 6-sided die 54 times, what is the best prediction possible for the number of times you will roll a one?

Answers

Answer:

50% of the time (27 times) you will get an even number

Step-by-step explanation:

sorry if it wrong

QUESTION 1
1.1
1.1.1 Wiite 2 368 000 in words
1.1.2
Round the following number 864 345,537
1.1.2.1 to the nearest thousand
1.1.2.2 to two decimal places​

Answers

1.) 2368000 (two million, three hundred sixty-eight thousand)
2.) 864,346,000 rounded to nearest thousand
3.) 864,345,537.00 not 100% on the last answer

Good luck

Helppppppppppp AND NO LINKS

Answers

the scatter plot is negative

Can you simplify five and 26/24

Answers

Answer:

6 and 1/2

Step-by-step explanation:

How many more people studied for 0-30 minutes than people who studied for 121-150 minutes?

Answers

Answer:

5 more people studied more in 0-30 minutes than people who studied 121-120 minutes.

Step-by-step explanation:

five more people studied for 30 minutes then 121 minutes

x over 8 = 10?
i just need to solve for x

Answers

X =80 you just have to multiply 8x10

Help? Please I don’t get this

Answers

Volume = pi x radius squared x height
v=3pixr^2x3
v=27pi

The scale on a map is 1in. = 2 mi. On the map, Greg’s house is 4in. from Melissa’s house. What is the actual distance from Greg’s house to Melissa’s house?

Answers

The distance from Greg's house to Melissa's is 8 mi.

Step-by-step explanation:

Multiply 4 by 2.

f(x) = V22
g(x) = V322
Find (f .g)(x). Assume x2 0.
O A. (f.g)(x) = 8x
B. (f.g)(x) = 8VC
O c. (f.g)(x) = 32x
D. (f.g)(x) = V34x

Answers

Answer:

Step-by-step explanation:

g(x) = √(32x) = √(2⁵x) = 4√(2x)

(f∘g)(x) = f(g(x))

= f(4√(2x))

= √(2 ⋅ 4√(2x))

= √(8√(2x))

= √8∜2∜x

= ∜(2⁷x)

= ∜(128x)

which doesn’t match any of the choices. There’s an error in the question.

I believe that the functions were written incorrectly and the x should not be part of the radicands (see attachment). That makes the answer A.

help................

Answers

Answer:

1. Ratio 9-342 Unit Rate 38

2. Ratio 38-152 Unit Rate 4

3. Ratio 2-40 Unit Rate 20

4. Ratio 84-6 Unit Rate 14

5. Ratio 5-30 Unit Rate 6

6. Ratio  5-50 Unit Rate 10

Step-by-step explanation:

Ap ex

Write an equation for a line perpendicular to y=4x+1 and passing through the point (12,-7).

y =

Answers

Answer:

Step-by-step explanation:

y = 4x + 1

Slope of line = 4

Slope of perpendicular to line = -¼

Point-slope equation for line of slope -¼ that passes through (12, -7):

y+7= -¼(x-12)

Confusing to me please help......

Answers

it’s 2boxes because there’s 10 in each line , with 8 rows 8x2 equals 160 which is closest to 140 .









Hi there!

[tex]\large\boxed{3 \text{ boxes}}[/tex]

Calculate the number of boxes of cubes needed by calculating the volume of the pictured figure.

We can see that it has a width of 4 blocks, depth of 2 blocks, and a height of 8 blocks.

Calculate volume: V = l × w × h

V = 4 × 2 × 8  = 64 cubes in each box.

Since she needs 140 cubes, we can find how many boxes she would need for this amount:

140 ÷ 64 = 2.1875.

However, you cannot buy a part of a box, which is why you must round to a whole number. However, only buying 2 boxes would be too little.

Thus, she would need to buy 3 boxes.

An engineer designs an improved light bulb. The previous design had an average lifetime of 1200 hours. The mean lifetime of a random sample of 2000 new bulbs is found to have a mean lifetime of 1201 hours. Although the difference from the old mean lifetime of 1200 hours is quite small, the P-value is 0.03 and the effect is statistically significant at the 0.05 level. If, in fact, there is no difference between the mean lifetimes of the new and old designs, the researcher has:________

a. committed a type 1 error
b. committed a type 2 error
c. a probability of being correct, which is equal to the P-value
d. a probability of being correct, which is equal to 1-(P-value)

Answers

Answer:

a. committed a type 1 error

Step-by-step explanation:

The correct option is - a. committed a type 1 error

Reason -

Type 1 error occurs  when a true null Hypothesis is rejected

Type 2 error occurs when a false null Hypothesis is accepted

Now,

Let us state that,

The null hypothesis and alternate hypothesis is

H0 : There is no difference between the mean lifetimes of the new and old designs

H1 : There is a difference between the mean lifetimes of the new and old designs

Now,

As there is no difference between the mean lifetimes of the new and old designs.

⇒ The null hypothesis is true.

But p value suggests that null hypothesis should be rejected

We have committed a Type 1 error that is rejecting a true null hypothesis.

So,

The correct option is - a. committed a type 1 error

calculate the number of terms in the following arithmetic sequence. 6;1;-4;-9....... -239​

Answers

Answer:

50

Step-by-step explanation:

Given

first term (a) = 6

Common Difference (d) = 1 - 6 = - 5

Last term (tn )= - 239

Number of terms (n) = ?

We know

Tn = a + ( n - 1 ) d

- 239 = 6 + (n - 1) (-5)

- 239 = 6 - 5n + 5

- 239 = 11 - 5n

5n = 11 + 239

5n = 250

n  = 250 / 5

n = 50

The number of terms is 50.

The three most commonly used graphs in research are the histogram, the __________, and the cumulative frequency graph (ogive)

Answers

Answer:

The four most common are probably line graphs, bar graphs and histograms, pie charts, and Cartesian graphs.

40 points! Please help me

Answers

Answer:

x = 8

y = 14

Step-by-step explanation:

2x + 6 = 4x - 10 (Corresponding angles so they're equal)

2x - 4x = -10 - 6

-2x = -16

x = 8

2x + 6 + 13y - 24 = 180 (Supplementary angles so they add up to 180)

2(8) + 6 + 13y - 24 = 180

16 + 6 + 13y - 24 = 180

13y - 2 = 180

13y = 182

y = 14

Answer:

2x+6=4x-10[corresponding angle]

16=2x

x=8

again

2×8+6+13y-24=180°[linear pair]

13y=180+2

y=182/13

y=14

Identify the set of perpendicular lines in this image.

Answers

Where is the image. I can’t help u with no image or other information

helpppp meet please ​

Answers

Answer:

I think it’s 18

Answer:

18

Step-by-step explanation:

the larger triangle is just a bigger version of the smaller one, and the equal sides show us that it is scaled up to be doubled in size, therefore 9x2=18

You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately
σ=36.6. You would like to be 90% confident that your esimate is within 4 of the true population mean. How large of a sample size is required?

Answers

Answer:

Hmmmmm

Step-by-step explanation:

18(3x+1)+3 ; x=2 evaluate the expression for the given value of the variable.

Answers

Answer:

Not sure but I think the answer is 129

Step-by-step explanation:

first, substitute the value of x in the expression like this

18(3*2+1)+3

after substituting, our work has made easier

18(6+1)+3

18(7)+3 or simply 18*7+3

126+3

129

The scatter plot below shows the amount of money Shawn had in the bank on days in the month of January.



Which statement best describes the relationship between the amount of money Shawn had in the bank and the day of the month?

Answers

Bro there’s no numbers so how am I asposed to know

Which statement correctly compares the spreads of the distribution

Answers

Answer:

From what I remember A is the answer but im  not sure.

Answer:b

Step-by-step explanation:t

If you leave $2300 in an account earning 3% interest, compounded daily, how much money will be in the account after 5 years? (Round your answer to two decimal places.)

Answers

Answer:

$2672.20

Step-by-step explanation:

2300(1+(0.03)/(365))^(5*365)

=$2672.20

Simplified 1100/2500

Answers

Answer:

11/25

Step-by-step explanation:

we can divide both top/bottom by 100, to get 11/25

:)

Suppose that the distribution of IQ's of North Catalina State University's students can be approximated by a normal model with mean 130 and standard deviation 8 points. Also suppose that the distribution of IQ's of Chapel Mountain University's students can be approximated by a normal model with mean 120 and standard deviation 10 points.

Required:
What is the probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students?

Answers

Answer:

0.7517 = 75.17% probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Subtraction of normal variables:

When we subtract normal variables, the mean is the subtraction of the means, while the standard deviation is the square root of the sum of the variances.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

North Catalina:

Population has mean 130 and standard deviation 8 points. Sample of 3. This means that:

[tex]\mu_{N} = 130, s_{N} = \frac{8}{\sqrt{3}} = 4.6188[/tex]

Chapel Mountain:

Population has mean 120 and standard deviation 10 points. Sample of 3. This means that:

[tex]\mu_{C} = 120, s_{C} = \frac{10}{\sqrt{3}} = 5.7735[/tex]

What is the probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students?

We want that: [tex]N - C > 5[/tex]

Distribution N - C:

The mean is:

[tex]\mu = \mu_N - \mu_C = 130 - 120 = 10[/tex]

The standard deviation is:

[tex]s = \sqrt{s_N^2+s_C^2} = \sqrt{4.6188^2+5.7735^2} = 7.3937[/tex]

This probability is 1 subtracted by the pvalue of Z when X = 5. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{5 - 10}{7.3937}[/tex]

[tex]Z = -0.68[/tex]

[tex]Z = -0.68[/tex] has a pvalue of 0.2483

1 - 0.2483 = 0.7517

0.7517 = 75.17% probability that the mean IQ of the 3 North Catalina students is at least 5 points higher than the mean IQ of the 3 Chapel Mountain students

Part B Walden poses the same question (How many people live in your home, including yourself?) to each person in the house next to his. Based on their responses, he wrote this data set: 5, 5, 5, 5, 5. Question 1 What is the center of this data set?


PLZ answer the question

Answers

Answer:

The answer is 5

Step-by-step explanation:

get to the middle of the 5's and that's your answer =>=

Answer:

The answer is 5

Step-by-step explanation:

8) How many terms of the arithmetic sequence (2, 4, 6, 8, ...} will give a sum of 600?

PLZ ANSWER

Answers

Answer:

I believe the answer is 300

Step-by-step explanation:

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