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A lottery ticket has a grand prize of $45.6 million. The probability of winning the grand prize is .000000046. Determine the expected value of the lottery ticket. (round your answer to the 3 decimal places)
expected value is------
would you pay $1 for a ticket yes or no
this is all the information for the question there is nothing else listed
You are given the sample mean and the population standard deviation. Use this information to construct the? 90% and? 95% confidence intervals for the population
From the below activities, which two duties have the best style of leadership management and why?
A student scores 80, 90, and 70 on three exams. Find the weighted mean of the student's three scores, where the score of 80 counts 10 percent
Find the reliability of the system. If you had a choice of improving system reliability by modifying any two components, how would you proceed?
Probability, which measures the likelihood that an event will occur, is an important part of statistics. It is the basis of inferential statistics In inferential statistics, we make decisions under conditions of uncertainty.
Is it reasonable to conclude that 66% of those polled expressed belief in either ghosts or astrology?- Can you tell what percent of people did not believe in any of the phenomena listed? Explain.
A particle performs a random walk on the vertices of a cube. At each step it remains where is with probability 1 /4, or moves to one of its neighbouring vertice
No nonprescription drugs are medicines without adverse effects. Therefore, no medicines with adverse effects are prescription drugs.
The mean number of flaws per 100 m of material produced on a certain machine at Blanktown Fabrics is 2. If flaws occur randomly, find the probability that in 50 m of material there will be less than 2 flaws.
Develop a ninety percent confidence interval to measure the percentage of the population audience under the age of twenty-five.
Set up Sydney's problem and simulate total profit for 1 month (30 days). In your model use integers for all demands. Replicate your model N times and calculate.
In a sample of 1100 U.S. adults,172dine out at a restaurant more than once per week. Two U.S. adults are selected at random from the population of all U.S. adults without replacement. Assuming the sample is representative of all U.S. adults, comp..
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