Find expected value for one ticket

Assignment Help Basic Statistics

Reference no: EM13122880

One thousand raffle tickets are sold for $2.00 each. One grand prize of $600 and two consolation prizes of $100 each will be awarded. Jeremy purchases one ticket. Find his expected value. Show your work for full credit.

Reference no: EM13122880

Questions Cloud

Find the molarity of 0.5 grams of sodium chloride : find the molarity of 0.5 grams of sodium chloride is dissolved to make 0.05 ml of solution

Basics of stockholders equity section : Construct the stockholders' equity section incorporating all the above information.

Determining position function : A football is thrown downward from a window in a tall building. Its position at time t in seconds is s=16t^2+32t, where s is in feet. How long to the nearest tenth will it take the ball to fall 175 feet?

What volume of na2cro4 solution is needed : in a laboratory, 6.82 g of Sr(NO3)2 is dissolved in enough water to form 0.500 L of solution. A0.100-L sample is 0.0245 M solution of Na2CrO4.

Find expected value for one ticket : One grand prize of $600 and two consolation prizes of $100 each will be awarded. Jeremy purchases one ticket. Find his expected value. Show your work for full credit.

Calculate the partial pressure of the hydrogen gas : Calculate the partial pressure of the hydrogen gas using the atmospheric pressure and the vapor pressure of water at the temperature of the solution. Assuming ideal gas behavior, calculate the number of moles of hydrogen gas evolved.

Explain how can you incorporate this type of analysis : Explain how can you incorporate this type of analysis and awareness into your professional work in a way that enhances your value to your organization? Which tools covered in this course might most readily translate into expanding your personal an..

Illustrate what kinds of checks and balances could you put : Illustrate what kinds of checks and balances could you put into place to insure ethical behavior and accountability for both yourself and your employees?

Find the confidence interval of the true proportion : Find the confidence interval of the true proportion of students to receive a 3.0 GPA. Find the Z score, standard error, range, and your conclusion in a sentence.

User Account

All Pages