Question
please help me and explain how you got the answer
6. 0/1 points Previous Answers 2/6 Submissions Used My Notes A lottery has a grand prize of $250,000, four runner-up prizes o
0 0
Add a comment Improve this question Transcribed image text
Answer #1

ANSWER

Given that

Probability : It is a branch of mathematics that deals with the occurrence of a random event. The value is expressed between zero and one.   given that grand prize no. of przes 280,000 1 --> grand prize 35,000 ч 7000 - Yunner рік -> third prize 5 consolation prize 290000 + 100,000 T 56000 † 28000 840000 -x504&pg 840009 504 8uo 2 0.6 Expected net winning = 0.68

Add a comment
Know the answer?
Add Answer to:
please help me and explain how you got the answer 6. 0/1 points Previous Answers 2/6...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • A lottery has a grand prize of $120,000, two runner-up prizes of $15,000 each, four third-place...

    A lottery has a grand prize of $120,000, two runner-up prizes of $15,000 each, four third-place prizes of $6000 each, and eight consolation prizes of $1200 each. If 480,000 tickets are sold for $1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected net winnings on a $1 ticket. (Round your answer to two decimal places.)

  • A lottery has a grand prize of $140,000, five runner-up prizes of $17,500 each, nine third-place...

    A lottery has a grand prize of $140,000, five runner-up prizes of $17,500 each, nine third-place prizes of $3500 each, and twenty-three consolation prizes of $280 each. If 420,000 tickets are sold for $1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected return on a $1 ticket. (Round your answer to two decimal places.)

  • A lottery has a grand prize of $200,000, three runner-up prizes of $40,000 each, six third-place...

    A lottery has a grand prize of $200,000, three runner-up prizes of $40,000 each, six third-place prizes of $5000 each, and nineteen consolation prizes of $1000 each. If 600,000 tickets are sold for $1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected return on a $1 ticket. (Round your answer to two decimal places.)

  • A lottery has a grand prize of $80,000, five runner-up prizes of $8,000 each, eleven third-place...

    A lottery has a grand prize of $80,000, five runner-up prizes of $8,000 each, eleven third-place prizes of $2000 each, and thirteen consolation prizes of $800 each. If 240,000 tickets are sold for $1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected return on a $1 ticket. (Round your answer to two decimal places.)

  • A lottery has a grand prize of $100,000, four runner-up prizes of $20,000 each, nine third-place...

    A lottery has a grand prize of $100,000, four runner-up prizes of $20,000 each, nine third-place prizes of $2000 each, and twenty-one consolation prizes of $200 each. If 300,000 tickets are sold for $1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected net winnings on a $1 $ 157 ticket. (Round your answer to two decimal places.)

  • Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Ca...

    Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...

  • i need a help pleassssse? 5. What is the probability that the sum of the numbers...

    i need a help pleassssse? 5. What is the probability that the sum of the numbers on two dice is even when they are rolled? 6. What is the probability that a card selected at random from a standard deck of 52 cards is an ace or a heart? What is the probability that a positive integer not exceed- 100 selected at random is divisible by 5 or 7? nd the probability of winning a lottery by selecting the t...

  • I need help with 6 a and b please. can you explain how you got the...

    I need help with 6 a and b please. can you explain how you got the answers? State rational for your answer: 6) In unstimulated muscle cells, the glucose transporter Glut4 is present in the membrane of endosomes. Upon stimulation of these cells with insulin, the endosomes fuse with the plasma membrane, thereby depositing Glut4 in the plasma membrane, where it serves to transport glucose into the cells. In order for insulin to elicit this change in Glut4 localization, insulin...

  • Please answer exercise questions 2 & 7 and explain how you got the answers. 132 Homework...

    Please answer exercise questions 2 & 7 and explain how you got the answers. 132 Homework 3 Due Tuesday January 29 (if possible...) Read sections 10-1 through 10-5. Chapter 10 Questions: 2, Exercise 2: A circular suction cup with a radius of 4.50cm has one atmosphere pushing down on one side, a force F pulling up, and a vacuum underneath. What is force F required to cancel the force of the (one) atmosphere of pressure? (Ans, between 600 and 700N,...

  • Please help me do 2 questions! I can't do that! Thank you. r 6. 0/1 points | Previous Answers TanApMath7 4.2.021 My...

    Please help me do 2 questions! I can't do that! Thank you. r 6. 0/1 points | Previous Answers TanApMath7 4.2.021 My Notes Ask Your Teacher Luis has丰190,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $2000 quarter into the new account until his retirement 30 years from now the new account earns interest...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT