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Author Question: Which of the following describes an example of an expected value in a lottery situation? a. The ... (Read 30 times)

melly21297

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on: Jul 24, 2018
Which of the following describes an example of an expected value in a lottery situation?
 a. The average amount of money you'll win/lose in the long run when playing the lottery.
  b. The amount of money you will win/lose on any given ticket.
  c. The amount of money that you'll have the highest chances of winning.
  d. All of the above.

Question 2

Which probability is the smallest?
 a. The probability that a couple's third child is a girl.
  b. The probability that a couple has their first girl by the time of the third child.
  c. The probability that a couple's first girl occurs the third time around.
  d. All of the above probabilities are equal.


milbourne11

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Reply #1 on: Jul 24, 2018
Answer to Question 1

A

Answer to Question 2

C


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