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 36 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
Gracias!

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

How to find the first and second differences for any table of values How to find the first and second differences for any table of values
How to find the area of composite figures (Part 1) How to find the area of composite figures (Part 1)
How to find the possible equations of a graph? How to find the possible equations of a graph?
Find the derivative of g(z) = 4z^7 - 3z^-7 + 9z Find the derivative of g(z) = 4z^7 - 3z^-7 + 9z
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ... Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ...
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library