After construction of a new toll road, drivers cut ten minutes from their commute time (compared to the old road). The toll road costs $2, butnot paying the toll, and getting caught, results in a $76 ticket. There is a 90% probability of not paying the toll and being detected. People thatuse the new road and pay the toll value ten minutes at a minimumA. between $1.80 and $68.40.B. between $2 and $68.40.C. $1.80.D. between $1.80 and $76.E. more than $76.

After construction of a new toll road, drivers out ten minutes from their commute time (compared to…

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A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

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