Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Computing the Mean of Distribution.

If a lottery ticket has a grand prize of $25 million then the probability of winning is .000000042.

On the basis of expected value of the lottery ticket would you pay $1 for a ticket? Round your answer to 3 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

The expected winning is $6

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921209

Have any Question? 


Related Questions in Statistics and Probability

The mathematics faculty at a college consists of 6

The mathematics faculty at a college consists of 6 professors, 9 associate professors, 7 assistant professors, and 12 instructors. If one faculty member is randomly selected, find the probability of choosing a professor ...

1 does the average iq for residents of a state vary with

1. Does the average IQ for residents of a state vary with the amount that the state spends on education? Seven of the 50 U.S. states were randomly selected. The amount that each spent per student (in thousands of dollars ...

Describe the following game with incomplete information as

Describe the following game with incomplete information as an extensive-form game. There are two players N = {I, II}. Each player has three types, TI = {I 1 , I 2 , I 3 } and TII = {II 1 , II 2 , II 3 }, with common prio ...

A buyer suspects that the factorys claimed life of mean is

A buyer suspects that the factory's claimed life of mean is 3000 hours for these light balls are too high. To check the claim, the factory tests 50 of these light balls and gets a mean lifetime of sample mean = 2988 hour ...

Focusing on leadership and changeintroductionin this

Focusing on leadership and change Introduction In this assignment, we will focus on you, your relationship to leadership and change in your work context and the management ideas that have influenced those topics. Rather ...

Question 1use this extract taken from the article goji

Question 1: Use this extract taken from the article, "Goji berries prevent macular degeneration," (appeared in Healthy Foods, Healthy Bodies on January 21, 2016) to answer the questions that follow: Goji berries (Lycium ...

Suppose that a ge 3 and let f be a social welfare function

Suppose that |A| ≥ 3, and let F be a social welfare function satisfying the properties of unanimity and independence of irrelevant alternatives. What are all the decisive coalitions?

Discuss the radical reconstruction as a constitutional

Discuss the Radical Reconstruction as a Constitutional Revolution.

You are playing blackjack in a casino the casino is using a

You are playing blackjack in a casino. The casino is using a single, 52 card deck. Shuffling the deck takes time. So rather than shuffling the deck after each hand, the casino deals three hands before shuffling. The used ...

Box a has 2 green and 5 blue marbles in it box b has 9

Box A has 2 green and 5 blue marbles in it. Box B has 9 green and 6 blue marbles in it. A marble is drawn from Box A, transferred to Box B, and then a marble is drawn from Box B. What is the probability a blue marble was ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro