User Account

All Pages

Determine the expected value of the lottery ticket

Assignment Help Basic Statistics
Reference no: EM132848459

A lottery ticket has a grand prize of $41.1 million. The probability of winning is .000000048. Determine the expected value of the lottery ticket? (Round your answer to 3 decimal places)

Reference no: EM132848459

Questions Cloud

Perform the SWOT analysis for McDonalds in Japan : What is the inference you derive from market entry strategy employed by McDonald's in Japan and Perform the SWOT analysis for McDonald's in Japan
Explain in detail about social responsibility : Looking at different literature, discuss if there is a unique definition for the social responsibility reporting. Explain in detail about social responsibility
Define types of probability assigning methods : a. With your own words, using relevant examples briefly define types of probability assigning methods
What is the six step process involved in valuation : What is the six step process involved in valuation? List the six steps in sequence, explaining and discusssing the importance and relevance of each step.
Determine the expected value of the lottery ticket : Determine the expected value of the lottery ticket? (Round your answer to 3 decimal places)
What amount should be recorded as increase in equity : The PV of an ordinary annuity of 1 at 12% for 5 periods is 3.60. What amount should be recorded as increase in equity as a result of the bond issuance
Find the most recent platforms of republican party of texas : Find the most recent platforms of the Republican Party of Texas and the Texas Democratic Party. A party's "platform" is its official statement of beliefs.
What is the profit if 200 plain cheese pizzas are produced : What is the profit if 200 plain cheese pizzas are produced but 300 were demanded, and so on?
Enhancing effects of coffee on long-term memory : Study on the enhancing effects of coffee on long-term memory found that 35 participants given 200 mg of caffeine performed better on a memory

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd