User Account

All Pages

Expected winnings far a ticket buyer

Assignment Help Basic Statistics
Reference no: EM131210768

A raffle has a grand prize of a European cruise valued at $6500 with a second prize of a Las Vegas getaway valued at $700. If each ticket costs $3 and 8600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).

Reference no: EM131210768

Questions Cloud

Regard to the standard deviation : With regard to the standard deviation, illustrate how and why the larger the deviation number, the more difficult it would be to predict an outcome. Use specific examples to illustrate.
Calculating the sales tax : The calc Sales Tax function is responsible for calculating the sales tax. Its function header looks like this: void calc Sales Tax(double sold, double rate, double tax). Correct the function header.
Create a community health strategy for dealing : Select one of the age groups discussed in this unit (adolescents, adult, or elderly) and create a community health strategy for dealing with intentional and unintentional injuries (motor vehicle accidents, suicide, or violence). Your response shou..
Amount won by one entry : (a) Find the expected value (in dollars) of the amount won by one entry. (b) Find the expected value (in dollars) if the cost of entering this sweepstakes is the cost of a postage stamp (34 cents)
Expected winnings far a ticket buyer : If each ticket costs $3 and 8600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Void function that receives an integer passed to it : Write the function prototype for the divide By Two function from Pencil and Paper Exercise 1. (The answers to TRY THIS Exercises are located at the end of the chapter.)
Expected winnings for a single ticket buyer : What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Halfway between the correspondingz-scores : Use a table of cumulative areas under the normal curve to find thez-score that corresponds to the given cumulative area. If the area is not in thetable, use the entry closest to the area. If the area is halfway between twoentries, use thez-score h..
Hypergeometric distribution an appropriate model : Based on 112 observations in the table, will the hypergeometric distribution an appropriate model to represent these data? Solve the problem with you using a traditional method α of 0.05. In addition, calculate the p-value of the test.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Assumptions of t distribution and normal distribution

Assume the population is normally distributed, the confidence level is 95%, n = 12, and σ is unknown.

  Proportion of ball bearings

Ball bearings are manufactured with a diameter of 5 mm. But the process has variation, so the diameter is normally distributed with a mean of 5 mm and a standard deviation of .02 mm. A) What proportion of ball bearings are more than 5.03 mm?

  Fraudulent checks obey benford law

(a) Using the level of significance a = 0.10, test whether the first digits in the allegedly fraudulent checks obey Benford's Law. What is the null hypothesis?

  Academic response to anova

Analysis of Variance (ANOVA) is used to test the equality of the means of three or more groups based on sample data. ANOVA is really a test of means even though it sounds like a test of variance.

  The image of the public library is constantly changing and

the image of the public library is constantly changing and their online services continue to grow. usage of the

  Mean gpa of a random sample

Find the probability that the mean GPA of a random sample of 20 students selected from this university is 2.95 or lower.

  Unclear concept regarding regression

List one unclear concept regarding regression and provide an example from your personal or work life where regression could be used to show a relationship between two variables.

  The mean and standard deviation of the sampling distribution

Find the probability that a random sample of size 54, selected with replacement, will yield a sample mean greater than 4.1 but less than 4.4. Assume the means to be measured to the nearest tenth.

  Studying to reduce the maximum error of estimate

How do you solve this problem: a researcher conducted a study of the access speed of 50 hard drives and concluded that his maximum error of estimate was 24.

  Statistics released by the national highway safety

statistics released by the national highway safety administration show that on an average weekend night in urban areas

  Two measures of central tendency

Given the large difference between the two measures of central tendency, which of the two would you rely on in describing the average claim cost and why?

  The accounting department analyzes the variance of the

the accounting department analyzes the variance of the weekly unit costs reported by two production departments. a

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