At a Raffle, 1000 tickets are sold at $5 each. There are 20 prizes of $100, and 1 grand prize of $2000. Suppose you buy one ticket. Let the random Variable X represent your net gain (remember that the net gain should include the cost of the ticket) after playing the game once.   Question: If you ply in such a raffle 100 times, what is the expected net gain?

Q: A restaurant will select 1 card from a bowl to win a free lunch. No outs 5 cards in the bowl. The…

A: Given: A: Event of random experiment Ac: Odds in favor of  event A PA=Probability of an event Then…

Q: During the grand opening of an electronics store, any customer has a 9% chance of winning a free…

A: From the information, any customer has a 9% chance of winning a free laptop .

Q: in a school survey 35% of students rode the bus to school. what are the odds of a student riding the…

A:

Q: A local organization sells 10,000 lottery tickets for $1 each. Prizes are awarded by a random…

A: Given, A organization sells 10,000 lottery tickets for $1 each. First price earn $300, Second win…

Q: At a local fair, a raffle is being held. There were 1,067 tickets were sold for $10 each. There is…

A:

Q: What are the odds of winning a raffle where 50 tickets were sold for a single $40 prize?

A: Solution

Q: A charity organization is holding a raffle. Each ticket costs $14. One winner will win $1500, two…

A:

Q: What is the probability of winning more than $5 in one play?

A: From the given information we have the following table after finding probability at P(X=5) = 0.09…

Q: You are to flip a fair coin, where probability of heads is equal to 50% (and tails is 50%). The fair…

A: Answer:- Given, The probability of head , P(H) = 50% = 0.50  The fair coin is flipped, n = 100000…

Q: Dave's wardrobe contains 14 T-shirts, of which 12 are gray. Dave selects a T-shirt at random. What…

A: From the provided information, Dave’s wardrobe contains 14 T-shirts. From which 12 are gray…

Q: Emerson wins 28% of all chess games. What is the probability he wins two in a row?

A: Assuming the two games are independent, P( He wins two in a row)= P( He wins the first game)*P(He…

Q: 4. That odds against winning in craps are 507 to 493. What is your expected return on a $20.00…

A: The odds against winning in craps are 507 to 493.

Q: A player rolls a fair dice and gets "$3 multiplied by the value on the dice" in the case of even…

A: Basic concepts of probability are used.

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $990, the second ticket drawn wins $465,…

A: The objective of this question is to calculate the expected earning on a raffle ticket. The expected…

Q: You have 8 ruppees to gamble with your best friend, with capital of 5 Ruppees. The probability of…

A:

Q: Suppose you play a game where you toss three fair coins. If you get three tails, you win $10.…

A: Probability of getting a tail while tossing a coin is 1/2 So, if 3 coins will be tossed then the…

Q: You are Vice President of Ticket Sales for Toronto FC. The average price of ticket is $20, and you…

A: It is given that the average price of the ticket is $20. It is expected to sell 8000 tickets on any…

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $912, the second ticket drawn wins $481,…

A:

Q: Suppose that 44% of people have dogs. If two people are randomly chosen, what is the probability…

A: It is given that, 44% of people have dogs. It means, probability that a people have dogs= p = 0.44…

Q: Marlon is going to roll a six-sided die, and if he rolls a 3, he gets $10. It costs him $2 to enter…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: -What is the expected gain from this game?

A: here total 52 cards in deck total face cards = 12( J,Q,K of each suit) total ace = 4   probability =…

Q: A charity organization hosts a raffle drawing at a fundraising event. The organization sells 2500…

A: Tickets sold by a charity organization at a price of $8 are 2500 each. Winning tickets are selected…

Q: Steve has 12 biscuits in a tin. There are 5 digestive and 7 chocolate biscuits. Steve takes two…

A: Given that, Total number of biscuits = 12 5 digestive biscuits and 7 chocolate biscuits We to find…

Q: At Monday night Bingo, there is also a raffle being held for a 55-inch flat-screen television. If…

A: Solution-: Given: 120 tickets are purchased out of 1400 tickets We want to find what are the odds in…

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $983, the second ticket drawn wins $474,…

A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Q: At Shakey's Pizza, 45% of customers order pizzas with either sausage or pepperoni. If 31% get only…

A:

Q: You are to play a game of chess against a random opponent on the web. You say to yourself "There is…

A: Probability of winning=75%

Q: t a raffle, 500 ticket are sold at $4 each. There are twenty $10 prizes, four $50 prizes, and one…

A: Let X be a random variable such that X: Gain or loss in buying one ticket in dollars X -4 10 50…

Q: A die is rolled. If an odd number turns up, we win an amount equal to this number; if an even number…

A: The outcome of rolling a die is {1, 2, 3, 4, 5, 6}.

Q: The chance of winning Florida's Pick-6 Lotto game is 1 in approximately 23 million. Suppose you buy…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $964, the second ticket drawn wins $522,…

A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Q: A pair of dice is rolled. What are the odds of rolling a sum of 4 or a sum of 5? The odds of rolling…

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Q: A coin is tossed three times  The odds of getting one head and two tails are

A:

Q: On average, what are the odds

A: You are a Product Manager for Hockey Equipment working at an Internet-based sports equipment…

Q: You randomly select one card from a​ 52-card deck. Find the probability of selecting the king of…

A: It is known that Number of cards in a deck = 52 Number of king of diamonds = 1 Number of two of…

Q: How many outcomes are possible when you roll 3 dice?

A: Here, we need to find out the total possible outcomes to roll 3 dice.

Q: Suppose that in a particular game two dice are tossed. If the two dice sum to nine or eleven, the…

A: Total number of possible outcomes while tossing two coins =36 Total possible events for sum to nine…

Q: There is a lottery drawing every Wednesday from the school store. You have to choose 5 numbers from…

A:

Q: It costs $6.75 to play a very simple game, in which a dealer gives you one card from a deck of 52…

A: The cost of the game is $6.75.

Q: For 8 TL a player can roll a pair of dice once. If the player gets a double, he is allowed to choose…

A: The probability that the player gets a double = (Number of ways to get a double)/(Total number of…

Q: A survey shows that the students at a particular London college carry an average of £20 in cash.…

A:

Q: If you draw a random card from a standard deck of 52 cards, what are the odds of drawing a jack?…

A: Given data: The total numbers of cards are n=52. The numbers of jacks in the playing deck of the…

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.