This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Find the expected value.Suppose you buy 1 ticket for $1 out of a lottery of 1000 tickets where the ... (Read 98 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jan 18, 2020

Question 1

Find the expected value.

Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3.00 for rolling a 1 or a 2, nothing otherwise. What is your expected value of your gain or loss?
◦ $0.00
◦ -$1.00
◦ $1.00
◦ $3.00

Question 2

Find the expected value.

Suppose you buy 1 ticket for $1 out of a lottery of 1000 tickets where the prize for the one winning ticket is to be $10,000. What is your expected value?
◦ $90.00
◦ $9.00
◦ -$0.90
◦ $0.90
Statistical Reasoning for Everyday Life ¦ Bennett, Briggs, Triola ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by DyllonKazuo on Jan 18, 2020

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jan 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jan 18, 2020
Excellent

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Associate’s degrees or vocational degrees can help individuals find rewarding and productive ... Associate’s degrees or vocational degrees can help individuals find rewarding and productive ...
How to find the maximum and minimum of a quadratic relation How to find the maximum and minimum of a quadratic relation
How to find the critical numbers of a function How to find the critical numbers of a function
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Find the value exponential and log function Find the value exponential and log function
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
Video: Integumentary Anatomy

For a complete list of videos, visit our video library