subject
Mathematics, 15.04.2020 04:19 keidyhernandezm

A sweepstakes posted the probabilities of winning each prize and the prize amounts as shown in the chart to the right. Suppose that one sweepstakes entry costs $1. Find the expected value of the winnings for any individual entry. Then state how much you can expect to win or lose if you spend $165 in entries.
Prize $2,000,000 / Probability 1 in 60,000,001
Prize $200,000 / Probability 1 in 30,000,001
Prize $2000 / Probability 1 in 15,000,001

A. The expected value of the winnings for any individual entry is $___.
B. If you Spend $165 in entries, you can expect to (win/lose) $

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:00
Successful implementation of a new system is based on three independent modules. module 1 works properly with probability 0.96. for modules 2 and 3, these probabilities equal 0.95 and 0.90. compute the probability that at least one of these three modules fails to work properly.
Answers: 2
question
Mathematics, 21.06.2019 18:00
Simplify 15(x - 4)(x -1)-3(x + 4)(x - 1) with steps
Answers: 1
question
Mathematics, 21.06.2019 20:00
A. what does the point (4, 122) represent? b. what is the unit rate? c. what is the cost of buying 10 tickets?
Answers: 2
question
Mathematics, 21.06.2019 23:30
Ahighway between points a and b has been closed for repairs. an alternative route between there two locations is to travel between a and c and then from c to b what is the value of y and what is the total distance from a to c to b?
Answers: 1
You know the right answer?
A sweepstakes posted the probabilities of winning each prize and the prize amounts as shown in the c...
Questions
question
Mathematics, 23.03.2020 11:42
question
Mathematics, 23.03.2020 11:46
question
Mathematics, 23.03.2020 11:52
question
Mathematics, 23.03.2020 12:02
Questions on the website: 13722367