Rework problem 22 from section 4.3 of your text, involving a carnival fishpond. Assume that the pond contains 110 fish: 86 red, 23 purple, and 1 green. A contestant pays $0.50 to randomly catch one fish and receives $0.40 if the fish is red, $1.00 if the fish is purple, and $13.00 if the fish is green. How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)

Rework problem 22 from section 4.3 of your text, involving a carnival fishpond. Assume that the pond contains 110 fish: 86 red, 23 purple, and 1 green. A contestant pays $0.50 to randomly catch one fish and receives $0.40 if the fish is red, $1.00 if the fish is purple, and $13.00 if the fish is green. How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)

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...

See similar textbooks

Related questions

Q: Don't give handwritten answer!! If I spend $1000, I will receive a discount of 30%. With a…

A: We have given that unit price is 5.75 .Unit price after discount is given by Discount Price = Unit…

Q: 3. Ronnie goes to the racetrack with his buddies on a weekly basis. One week he tripled his money,…

Q: On January 3, Pronghorn Corp. purchased three portable electronic keyboards for $590 each. On…

Q: A struggling young company reported the following results for the four quarters of the year: A loss…

A: We will add all the values to know net result

Q: Sara Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special…

A: Solution:- Given that The cost of using the equipment is $250. The materials used in one shirt…

Q: Jasmeen sells scrunchies and hair bands in an online shop. The scrunchies sell for $5 each and the…

A: Let number of scrunchies are S and number of hair bands are H, As, total sold items are 220…

Q: You work for a car dealership where you earn 16% commission on the profit of a car sale under $800,…

A: Given that you earn 24% on the profit of a sale above $800 but less than or equal to $2,000. And…

Q: At Big China Buffet, the price of an adult meal is $6.50 and a child's buffet is $4.32. Three adults…

A: From the given information, it is observed that the price of an adult meal is $6.50 and the price of…

Q: Each pay period, Rashida's taxable income is $600.82. If her federal income tax rate is 10%, then…

A: In each pat period, the taxable income is $600.82.

Q: 8) If Julio earns $30,000 for the rst year at his job, and he receives a 5% raise each year, how…

Q: AJ had $400 on Monday. On Tuesday he had $373, and on Wednesday he had $346. If this pattern…

A: This is an arithmetic progression.

Q: Hosea is given $100. Each day, he gains 1% on the total dollar amount he has, then he loses 1% of…

Q: In a gambling game, a woman is paid $9 if she draws a nine or an ace and $12 if she draws a four or…

A: The question is about game theory Given : If woman draw any other card then she loses

Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: Each pay period, Rashida's taxable income is $600.60. If her federal income tax rate is 11%, then…

A: Given, taxable income=$600.60 tax rate=11% how much money does she pay each pay period in federal…

Q: Jim took clothes to the cleaners three times last month. First, he brought 4 shirts and 2 pairs of…

Q: A raffle is being held to benefit the local animal shelter. They sell 518 tickets that do not win…

A: It is required to determine the amount the shelter would be expected to earn on selling each raffle…

Q: Carl was competing on a game show, and he ran into a losing streak. First, he bet half of his money…

A: Solution:- The step-by-step solution of given question is explain below.. Let total amount that Carl…

Q: Jennifer took clothes to the cleaners three times last month. First, she brought 2 shirts and 2…

A: Consider the given information. Let Shirts=x Slacks=y And Sports coat=z Hence, according to the…

Q: For a Saturday service, if the weather is sunny, you will take in $9,000; if the weather is cloudy,…

Q: A hurricane caused $185,000 in damages to a building owned by Dreamscape Landscaping. The building…

A: Damages caused by hurricane is 185000 dollar.

Question

How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

You are going to a party with a friend. Both of you are supposed to take packets of chips and bottles of soft drink for the party. You shop together and buy the same brand of chips & drink. You spend $47.5 to buy 5 packets of chips and 10 bottles of soft drink. Your friend spends $64.5 to buy 3 packets of chips and 15 bottles of soft drink. Given this information determine the following: How much does the shop charge for a packet of chips? Please calculate this answer in dollars (enter the unit "$" with the answer) and round the final value to the nearest cent. Answer: How much does the shop charge for a bottle of soft drink? Please calculate this answer in dollars (enter the unit "$" with the answer) and round the final value to the nearest cent. Answer:
Suppose a company offers you a job which will last only 100 days. The job pays $110 the first day and increases by $2.50 a day. a. What will you earn on the 100h day?
if you work for a non-profit and you want to (and its legal) to run your own lottery. Suppose you need to collect at least $25,000. Design a lottery to allow you to achieve your goal. HOw many tickets would you sell? How many prices ( and for how much ) would you have? How much would you charge per ticket?
If a company has a total of 18,000,000 shares and an investor owns 14% of the company. How many shares do they own?
During his short stint as Shadow Finance Minister, Barnaby Joyce displayed a curious grasp of numbers. One of his most infamous exclamations was “All this billions, quillions, Brazilians.” Less well known was his tax-reform proposal, recommending that if you earn $x per day, you are taxed x% of that amount (with the understanding that you pay 100% tax if you earn $100 or more per day. Under Senator Barnaby’s plan, which amount x gives you the highest earnings after tax has been taken out?
Jennifer took clothes to the cleaners three times last month. First, she brought 3 shirts and 1 pair of slacks and paid $12.46 Then she brought 6 shirts, 3 pairs of slacks, and 1 sports coat and paid $37 90. Finally, she brought 5 shirts and 2 sports coats and paid $28.43. How much was she charged for each shirt, each pair of slacks, and each sports coat? .. Jennifer was charged $ for each shirt, $ for each pair of slacks, and $ for each sports coat Clear all Check answer View an example Get more help - Help me solve this 6:09 PM 3/7/2022 hp end delete ins prt sc 18 num backspace lock & 4 home U E enter HJK 00 %24 %23