What is the mean amount of your winnings

Assignment Help Basic Statistics
Reference no: EM1397183

The original simple form of the Connecticut state lottery (ignoring a few gimmicks) awarded the following prizes for each 100,000 tickets sold. The winners were chosen by drawing tickets at random. If you hold one ticket in this lottery, what is your probability of winning anything? What is the mean amount of your winnings?

Reference no: EM1397183

Questions Cloud

Significance of precedent-judicial decision-making process : Write down two-to-three page paper outlining common law tradition and sources of law. What is the significance of precedent to judicial decision-making process?
How right and left sides segregated in visual cortex : In humans visual information from the right side of the visual field is represented within the left occipital lobe. However, our eyes are both pointed forward, and there is a lot of overlap in their visual fields.
What are two benefits of microbes : What are two benefits of microbes? write a complete sentence or two for each venefit. include a description of why microbes are beneficial for each.
Determine the freezing point : Determine the freezing point and calculate the final temperature if initially this iron nail was at temperature of 28 degree Celsius?
What is the mean amount of your winnings : The original simple form of the Connecticut state lottery (ignoring a few gimmicks) awarded the following prizes for each 100,000 tickets sold. The winners were chosen by drawing tickets at random. If you hold one ticket in this lottery, what is y..
Information regarding least squares : If the least squares equation for sales data going from 1984 to 1990 is Y1 = 10 + 1.3X (in $ millions) found using the coded method, what is the plot on the straight line for 1988? (x and y values)
What is the probability that their next child will a taster : What is the probability that their next child will be a taster.
Determine the half life of reactants : A second-order reaction of the type A+2B -> P was caried out in a solution that was initally 0.075mol L^-1 in A and 0.030 mol L^-1 in B. Afer 1.0 h the concentration of A had fallen to 0.045 mol L^-1.
What is the length of the wildtype enzyme : What was the mutational event that gave rise to the frameshift mutant? Determine precisely where the single nucleotide insertion or deletion occurred in the b-lactamase coding sequences.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Noise level independent of flight phase

There are three flight phases. At α = 0.05, is the cockpit noise level independent of flight phase?

  Relationship between entrepreneurial behaviour of firms

Entrepreneurship researchers are interested in the relationship between entrepreneurial behaviour of firms, such as innovation or new business venturing, and performance indicators, such as sales growth or profitability.

  Most or least number of condiments

What can you conclude regarding the information? Who tends to order the most or least number of condiments?

  Sample mean and p-value

A random sample of 16 ages is drawn from the population, and we find the sample mean of these observations to be μ = 8.76

  Find the probability based on binomial distribution

What is the probability that all 3 would iPods from best buy? Or at least one would have iPod from best buy?

  Approximate probability regarding regional bar association

According to the regional bar assoc., 60% of people who take the bar exam pass. Find the approximate probability that at least 61% of 200 randomly selected people taking the bar will pass. Round to three decimal places as needed.

  Calculating coefficient of determination

What is the equation for least squares line? Calculate the coefficient of determination.

  Required probability for binomial distribution

What is the probability that he will answer all questions correctly?

  Probability and z-score based on normal distribution

Assume that x has a normal distribution, with the specified mean and standard deviation. Find the indicated probabilities.

  No replication anova

Using the .05 level of significance: a) Is there a difference among types of gasoline? b) Is there a difference in the cars?

  Difference between means using mean z test

To test the difference between two means using two mean z test.

  Confidence interval-test of hypothesis

According to an IRS study, it takes an average of 330 minutes for taxpayers to prepare, copy, and electronically file a 1040 tax form. A consumer watchdog agency selects a random sample of 40 taxpayers and finds the standard deviation of the time ..

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd