User Account

All Pages

What is the random variable x

Assignment Help Basic Statistics
Reference no: EM132844688

You buy a lottery ticket from a lottery that costs $20 per ticket. There are only 200 tickets to be sold in this lottery. In this lottery, there are one $545 prize, two $150 prizes, and four $50 pries. Please complete the table below or create your own table and ?nd your expected gain or loss. (Round your answer to two decimal places.) a) What is the random variable X. b] The expected value is c) Explain in words the expected value of a lottery ticket

Reference no: EM132844688

Questions Cloud

What is the distribution of x : The Acme Company manufactures widgets. The distribution of widget weights is bell-shaped. The widget weights have a mean of 54 ounces and a standard deviation o
Find a confidence interval for the population mean : Over the past several months, an adult patient has been treated for tetany (severe muscle spasms). This condition is associated with an average total calcium
Find mean of the sampling distribution of the mean : Using the formula, Elk]:'u: 2? , what would be the expected or theoretical value for the mean of the sampling distribution of the mean? How does it compare to t
What is the con?dence interval : . What is the con?dence interval? b. Would you conclude that most people like spicy food based on this interval
What is the random variable x : a) What is the random variable X. b] The expected value is c) Explain in words the expected value of a lottery ticket
What is the probability that a randomly played song : Your list of favorite songs contains eight rock? songs, nine rap? songs, and three country songs.
Find null hypothesis or fail to reject the null hypothesis : The value of the test statistic z is ? and we reject the null hypothesis or fail to reject the null hypothesis ?
What is the standard deviation : Data shows that the probability distribution to be0.3 for x=00.5 for x=10.2 for x=2
Overlay the fitted equations on the scatterplot : The data set "Hand_153b Simulated polynomial regression data" comes from Hand et al.'s Handbook of Small Data Sets; the data set was originally produced by R. H

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