Let the random variable X represent the amount of money won or lost for a player who pays $1 to play a certain carnival game. The following table shows the probability distribution of X Amount -$1 $1 $10 Probability 0.80 0.15 Which of the following statements is the best interpretation of the mean of X? 0.05

4. First prize in a lottery is $500 000. The second prize is 40% of the first prize, or $200 000. The third prize is 40% of the second prize, and so on. There are five prizes. Determine the total amount paid out.

5. Nancy's strawberry patch produced 280 gallons of strawberries. She sold the strawberries for $1.25 per quart if the public picked them or $2.50 per quart already picked. She paid $0.75 per quart for picking. She has a 20 percent loss if the public picks the strawberries. a. How many quarts of strawberries were produced? b. What does it cost to have the strawberries picked? c. Which would yield the greater income-selling them picked or allowing pickers?

Part A 1.) What is 70% of 100? Answer: 2.) What is 90% of 80? Answer: 3.) What is 15% of 150? Arīswer: 4.) What is 50% of 250? Answer: 5.) What is 10% of 12.5? Answer:

23. SELLING BANANAS The produce manager at Tom Thumb Market anticipates that 10% of the bananas purchased will spoil and will have to be thrown out. If she buys 500 pounds of bananas for $.56 per pound and wants a markup of 45% on the selling price, find the selling price per pound of bananas.

An auction was held today at which 4 rare stamps were sold. Prices ranged from $40 to $55, at $5 increments. Determine the price and order of each auction lot, as well as the name of each winning bidder. One bidder's name was Aidan. 1. The stamp that was auctioned fourth was either the one won by Bo or the one that sold for $45. 2. The stamp won by Candi was either the one that was auctioned first or the one that sold for $50. 3. The stamp won by Devin sold for somewhat less than the stamp that was auctioned first. 4. The stamp that was auctioned first sold for 10 dollars less than the stamp that was auctioned second.

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