Answer: False
Step-by-step explanation:
The expected value of purchasing a raffle ticket is -0.647.
The expected value is derived in probability analysis by the multiplication of each of the potential possibilities by the likelihood that each result will occur and then adding all of those values together.
Using the formula below, we can calculate the expected value as follows:
However, the probability (Pr) of each event can be categorized as follows:
Thus;
Learn more about finding the expected value of a probability here:
Answer: The expected value of purchasing a raffle ticket would be $0.3449.
Step-by-step explanation:
Since we have given that
Number of tickets = 5500
Number of flower arrangements = 20
Number of gift certificates = 20
So, Probability that wining $70 at flower arrangement =
Probability that wining $25 at gift certificates =
So, Expected value of purchasing a raffle ticket would be
Hence, the expected value of purchasing a raffle ticket would be $0.3449.
200%
3313%
75%
Answer: 33 1/3
Step-by-step explanation:
For ttm i know it's right
B. 50,000 mg
C. 50,000 g
D. 5,000,000 mg
Max tossed a fair coin 3 times. What is the probability of getting heads in the first two trials and tails in the last trial?