Does it make sense? My expexted value in a state lottery game is $7.50.
Homework Answers
Yes, obviously
Steps to calculate expected value of lottery game.
1)-Take each prize,
2)-subtract the price of our ticket,
3)-multiply the net return by the probability of winning, and
4)-add all those values to get our expected value.
In this way you can calculate your expected value of lottery game.
Add Answer to:
Does it make sense?
My expexted value in a state lottery game is $7.50.
Decide whether the following statement make sense for is clearly true) or does not make sense...
Decide whether the following statement make sense for is clearly true) or does not make sense or in clearly se). Explain My financial advisor showed me that I could reach my retirement goal with deposits of $210 per month and an average ratum of pool by ging an average annual rum 15 Choose the correct answer below But I don't want to do that much of my paycheck, so I'm going to reach the same OA This makes sense because...
Decide whether the following statement makes sense or does not make sense. Explain your reasoning. My...
Decide whether the following statement makes sense or does not make sense. Explain your reasoning. My daily food intake gives me about 10 million joules of energy. A. This statement makes sense because the typical adult consumes 1 calorie each day, which results in 10 million joules of energy. B. This statement does not make sense because one calorie equals 1000 joules. This results in eating 10,000 calories a day which is very unusual. C. This statement does not make...
State whether you agree with the following statement and why: “It doesn’t make sense to give...
State whether you agree with the following statement and why: “It doesn’t make sense to give poor people cash since they’ll spend it on cigarettes and lottery tickets instead of needed items.”
WHATS THE CORRECT ANSWER Decide whether the statement below makes sense or does not make sense....
WHATS THE CORRECT ANSWER
Decide whether the statement below makes sense or does not make sense. Explain your choice. A pollster plans to improve survey results by only conducting polls in which the margin of error is zero. Choose the correct answer below. A. The statement makes sense. A margin of error of zero implies that there is no uncertainty in a survey result. This could happen if the entire population was surveyed. B. The statement does not make sense....
1. Does it make sense to want to use fair value for assets and liabilities? For...
1. Does it make sense to want to use fair value for assets and liabilities? For example, just how easy is to get fair values on an annual (or regular) basis and just accurate are fair values (aren't they subjective)?
Determine whether the following statement makes sense (or is clearly true) or does not make sense...
Determine whether the following statement makes sense (or is
clearly true) or does not make sense (or is clearly false).
A study on the effect of gender on movie attendance was biased
because the sample consisted of 800 males and 200 females.
Determine whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). A study on the effect of gender on movie attendance was biased because the sample consisted of 800...
In the lottery game Fantasy 5 you have to select 5 numbers from the numbers {1,2,3,.......,38,39}....
In the lottery game Fantasy 5 you have to select 5 numbers from the numbers {1,2,3,.......,38,39}. The jackpot today is $76,000. Each ticket costs $1. In this lottery each number must be different and the order of the numbers does not matter. a.) What is the probability of having a winning ticket? b.) What is the expected value of this game? c.) A fair game has an expected value of 0. How large does the jackpot have to be for...
As part of the lottery system of the state, a new "scratch off" game is being...
As part of the lottery system of the state, a new "scratch off" game is being marketed. The card will sell for $5. There will only be one prize, a grand prize of $8371663. This prize will be paid out in equal payments over the course of 20 years. If the state feels its investment team can safely earn a return of 5.7%, how many cards need to be sold during the contest to ensure the state at least breaks...
Decide whether the following statements makes sense for is clearly true) or does not make sense...
Decide whether the following statements makes sense for is clearly true) or does not make sense (or is clearly false). Explain your reasoning The relative frequency of B grades in our class was 0.3 Choose the correct answer below. O A. The statement does not make sense. Statements about relative frequencies only make sense when the total number of data values is given OB. The statement does not make sense. Relative frequencies must be integers, and 0.3 is not an...
Determine whether the statement makes sense or does not make sense, and explain your reasoning expressed...
Determine whether the statement makes sense or does not make sense, and explain your reasoning expressed cos 31° + cos 69° as 2 cos 50 cos 19" Choose the correct answer below. A. The statement makes sense because cos 31+cos 69 simplifies to 2 cos 50 cos 19 using the sum-to-product formula OB. The statement does not make sense because cos 31" + cos 69 simplifies to cos 50 cos 19 using the sum-to product formula KOC. The statement does...
Decide whether the following statement make sense for is clearly true) or does not make sense or in clearly se). Explain My financial advisor showed me that I could reach my retirement goal with deposits of $210 per month and an average ratum of pool by ging an average annual rum 15 Choose the correct answer below But I don't want to do that much of my paycheck, so I'm going to reach the same OA This makes sense because...
WHATS THE CORRECT ANSWER
Decide whether the statement below makes sense or does not make sense. Explain your choice. A pollster plans to improve survey results by only conducting polls in which the margin of error is zero. Choose the correct answer below. A. The statement makes sense. A margin of error of zero implies that there is no uncertainty in a survey result. This could happen if the entire population was surveyed. B. The statement does not make sense....
Determine whether the following statement makes sense (or is
clearly true) or does not make sense (or is clearly false).
A study on the effect of gender on movie attendance was biased
because the sample consisted of 800 males and 200 females.
Determine whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). A study on the effect of gender on movie attendance was biased because the sample consisted of 800...
Decide whether the following statements makes sense for is clearly true) or does not make sense (or is clearly false). Explain your reasoning The relative frequency of B grades in our class was 0.3 Choose the correct answer below. O A. The statement does not make sense. Statements about relative frequencies only make sense when the total number of data values is given OB. The statement does not make sense. Relative frequencies must be integers, and 0.3 is not an...
Determine whether the statement makes sense or does not make sense, and explain your reasoning expressed cos 31° + cos 69° as 2 cos 50 cos 19" Choose the correct answer below. A. The statement makes sense because cos 31+cos 69 simplifies to 2 cos 50 cos 19 using the sum-to-product formula OB. The statement does not make sense because cos 31" + cos 69 simplifies to cos 50 cos 19 using the sum-to product formula KOC. The statement does...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago