subject
Mathematics, 05.05.2020 21:15 johnny2585

At a raffle, 250 tickets are sold at $1 each for 3 prizes of $100, $50, and $10. You buy 1 ticket. What is the expected value of your gain? Should you play this game? 1. Explain HOW to determine the expected value. (one paragraph) 2. Interpret the meaning of the expected value for this scenario. (one paragraph)

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 20:30, gsmgojgoss9651
Cody was 165cm tall on the first day of school this year, which was 10% taller than he was on the first day of school last year.
Answers: 1
image
Mathematics, 21.06.2019 21:30, kingdrew27
Due to a packaging error, 4 cans labeled diet soda were accidentally filled with regular soda and placed in a 12 pack carton of diet soda. two cans were randomly selected from this 12 pack. what is the probability that both cans were regular soda?
Answers: 2
image
Mathematics, 22.06.2019 01:00, RicoCheT89
Exclude leap years from the following calculations. (a) compute the probability that a randomly selected person does not have a birthday on october 4. (type an integer or a decimal rounded to three decimal places as needed.) (b) compute the probability that a randomly selected person does not have a birthday on the 1st day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (c) compute the probability that a randomly selected person does not have a birthday on the 30th day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (d) compute the probability that a randomly selected person was not born in january. (type an integer or a decimal rounded to three decimal places as needed.)
Answers: 1
image
Mathematics, 22.06.2019 01:00, stodd9503
Arectangular garden is 5 feet long and 3 feet wide. a second rectangular garden has dimensions that are double the dimensions of the first garden. what is the percent of change in perimeter from the first garden to the second garden?
Answers: 1
You know the right answer?
At a raffle, 250 tickets are sold at $1 each for 3 prizes of $100, $50, and $10. You buy 1 ticket. W...

Questions in other subjects:

Konu
Mathematics, 22.05.2021 06:20
Konu
Mathematics, 22.05.2021 06:20
Konu
Mathematics, 22.05.2021 06:20