Mathematics, 12.07.2021 20:10 pstat
a. A contest entrant has a 0.002 probability of winning $12,165. If this is the only prize and the fee is $35, then find the expected value of winning the contest. b. The probability of winning a lottery is 0.125. What is the probability of winning AT LEAST ONCE in twelve trials?
Answers: 2
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a. A contest entrant has a 0.002 probability of winning $12,165. If this is the only prize and the f...
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