A lottery ticket says that the chances of winning are 1 in 5.5. Suppose you buy...

Question

Question

A lottery ticket says that the chances of winning are 1 in 5.5. Suppose you buy 8 of these lottery tickets.

Find the probability that exactly one of them will be a winner.

math Statistics-And-Probability

Answer 1

Answer #1

Answer 2

Similar Homework Help Questions

The chances of winning the Powerball lottery jackpot with a single ticket is 1 in 292,201,338....

The chances of winning the Powerball lottery jackpot with a single ticket is 1 in 292,201,338. For the purposes of this problem, assume it is 1 in 300,000,000. During February and March, 210,073,226 Powerball tickets were sold. For the purposes of this problem, assume 200,000,000 were sold. a.)Assuming the tickets win or lose independently of one another, give the exact probability that there was no jackpot winner during these two months. b.)Using a basic scientific calculator, give an approximation to...
Suppose you buy 1 ticket for $1 out of a lottery of 100 tickets where the...

Suppose you buy 1 ticket for $1 out of a lottery of 100 tickets where the prize for the one winning ticket is to be $50. What is the expected value? (Round answer to the nearest cent.)
You buy 19 scratch-off lottery tickets. The standard odds of winning are 1/200. What is the...

You buy 19 scratch-off lottery tickets. The standard odds of winning are 1/200. What is the probability that at least one of the tickets is a winner?

Let us assume that the probability of winning a lottery ticket is 5x10-6. Find the expected...

Let us assume that the probability of winning a lottery ticket is 5x10-6. Find the expected number of tickets you need to buy to win the lottery.
The chance of winning a lottery game is 1 in approximately 23 million. Suppose you buy...

The chance of winning a lottery game is 1 in approximately 23 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $6 million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result. Find μ = E(x) μ=
The chance of winning a lottery game is 1 in approximately 26 million. Suppose you buy...

The chance of winning a lottery game is 1 in approximately 26 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $4 million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result. Find μ=E(x). μ=____________________(Round to the nearest hundredth as needed. Do not include the $ symbol in youranswer.)

(a) If your life plan is to buy one lottery ticket every day for 5 days...

(a) If your life plan is to buy one lottery ticket every day for 5 days a week, 50 weeks a year for the next 50 years, where on any lottery ticket you have a one in 500,000,000 chance of winning the jackpot, what is the probability you will win the jackpot at least once in your lifetime? Hint: Let Wi be the event you win the jackpot with the ith lottery ticket. Assume these are independent. (b) (continued) Buying...
Q1- A lottery wheel contains 15% winning tickets. Tom buys one ticket and later another one....

Q1- A lottery wheel contains 15% winning tickets. Tom buys one ticket and later another one. what are the chances of:- a) getting two winning tickets. b) getting a win ticket the second time only. c) Not win at all . d) Winning at least once.
You buy a lottery ticket to a lottery that costs $10 per ticket. There are only...

You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery. In this lottery there are one $405 prize, two $105 prizes, and four $20 prizes. Find your expected gain or loss. (Round your answer to two decimal places.)

In an instant lottery, your chances of winning are 0.2. If you play the lottery one...

In an instant lottery, your chances of winning are 0.2. If you play the lottery one time and outcomes are independent, the probability that you do NOT win is: