Calculating the mean of distribution

Reference no: EM1318079

Calculating the Mean of Distribution.

A lottery ticket has a grand prize of $25 million. The probability of winning is .000000042.

Based on the expected value of the lottery ticket, would you pay $1 for a ticket? Round the answer to 3 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

The expected winning is $6.

Reference no: EM1318079

Questions Cloud

Scripts_new directory and dir.txt file : Write down the following folder structure on C: drive of your computer: Scripts_New, Networking, User.

Multiple choice questions based on f-distribution : Multiple choice questions based on F-distribution.

Determine the credit score values : The credit score of a 35 year old applying for a mortgage at Ulysses Mortgage Associates is normally distributed with a mean of 600 and a standard deviation of 100.

Problems on probability : Problems on probability

Calculating the mean of distribution : Based on the expected value of the lottery ticket, would you pay $1 for a ticket? Round the answer to 3 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Displaying recent entries of windows security event log : Issue a command which will show 100 most recent entries within the Windows security event log displaying only those entries which were a successful logon event by the Interactive logon.

Find median, mean, mode & midrange : Find the median, mean, mode & midrange

Explain the standard normal distribution z -scores : Assume your statistics professor reports test grades as z-scores, and you got a score of 2.20 on the midterm exam. Write down a sentence explaining what that means.

Assembly language version of c code : In MIPS assembly, write down an assembly language version of following C code segment: int A[10], B[10]; for (i=1; i

User Account

All Pages