A regional automobile dealership sent out fers to prospective customers indicating that they had already won one of three different pruzes an automobile valued at $26.000 a $125 gas card or a 55 shopping card To clam his or her pruze, a prospective customer needed to present the fier at the dealership's showroom The fine print on the back of the fier isted the probabies of winning The chance of winning the car was 1 out of 31,303, the chance of winning the gas card was 1 out of 31,303, and the chance of winning the shopping card was 31,301 out of 31,303 Complete parts (4) through (d) How many tiers do you think the automobile dealership sent out? Assume there is one car and one gas card available 31303 ters b. Using your answer to (a) and the probabilities isted (Round to the nearest cent as needed) the fer, what is the expected value of the prize won by a prospective customer receiving a fier?
A regional automobile dealership sent out fers to prospective customers indicating that they had already won one of three different pruzes an automobile valued at $26.000 a $125 gas card or a 55 shopping card To clam his or her pruze, a prospective customer needed to present the fier at the dealership's showroom The fine print on the back of the fier isted the probabies of winning The chance of winning the car was 1 out of 31,303, the chance of winning the gas card was 1 out of 31,303, and the chance of winning the shopping card was 31,301 out of 31,303 Complete parts (4) through (d) How many tiers do you think the automobile dealership sent out? Assume there is one car and one gas card available 31303 ters b. Using your answer to (a) and the probabilities isted (Round to the nearest cent as needed) the fer, what is the expected value of the prize won by a prospective customer receiving a fier?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:A regional automobile dealership sent out fiers to prospective customers indicating that they had already won one of three different prizes an automobile valued at $26.000, a $125 gas card, or a $5
shopping card To claim his or her pruze, a prospective customer needed to present the for at the dealership's showroom The fine print on the back of the fier isted the probabilities of winning The
chance of winning the car was 1 out of 31,303, the chance of winning the gas card was 1 out of 31,303, and the chance of winning the shopping card was 31,301 out of 31,303 Complete parts (a)
through (d)
CRED
a: How many tiers do you think the automobile dealership sent out? Assume there is one car and one gas card available
31303 nors
b. Using your answer to (a) and the probabilities isted on the fier, what is the expected value of the prize won by a prospective customer receiving a fier?
(Round to the nearest cent as needed)
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