The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 600 tickets. There is one $1,000 grand prize, two $400 second prizes, and ten $20 third prizes. You just bought a ticket. Find the expected value for your profit

Answers

Answer 1

The expected value of the profit is $-1 when the student council is hosting a drawing to raise money for scholarships

What is probaility?

It is defined as the ratio of the number of favorable outcomes to the total number of outcomes in other words the probability is the number that shows the happening of the event

The expected value of any discrete variable X is calculate as:

E(X)=X1*P(X1)+X2*P(X3)+...+X3*P(X3)

Where X1, X2, ..., X3 are the values that the variable can take and P(X1), P(X2), ..., P(X3) are their probabilities.

In this case the variable X is the dollars that can win, so:

X1=$2,000

X2=$300

x3=$20

X4=$0

Then the probabilities can be calculate as:

[tex]P(X_1)=\dfrac{1}{600}\\\\\\P(X_2}=\dfrac{3}{600}\\\\\\P(X_3)=\dfrac{15}{600}\\\\\\P(X_4)=\dfrac{581}{600}[/tex]

Replacing the variables and probabilities on the equation of expected value we get:

[tex]E(X)=(2000\times \dfrac{1}{600})+(300\times \dfrac{3}{600})+(20\times \dfrac{15}{600})+(0\times \dfrac{581}{600})[/tex]

E(X)=$4

Additionally, the student bought a ticket by $5, so the expected profit can be calculate as:

Expected Profit = Expected Earnings - Cost = $4  - $5 = $-1

Finally, the expected value of the profit is $-1

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Related Questions

Pls help me, this is due by tonight. What is the volume



Hopefully easy for some of you. :)

Answers

Answer:

115.86

Step-by-step explanation:

What is the volume of a cube with sides measuring 1.5 inches

Answers

Answer:

A cube with a side length of 3 inches has a volume of 27 cubic inches.

Step-by-step explanation:

yes

This question is worth 20 points if someone answers it! ​

Answers

The maximum number of tourists in the third week will be maximum in the numberville city.The solution of f(x)=h(x) will be x(5,2).

What are equations?

The equation is actually a relationship between the numbers and the variables.

To calculate the number of the tourists in the third week we will put the value 3 in every function:

[tex]f(x)=x^2+5x+10=(3)^2+(3\times 3)+10=29\\\\\\g(x)=3^x=3^3=27\\\\\\h(x)=10x=10\times 3=30[/tex]

So we can see that the function third h(x) numberville city is having a maximum number of tourists.

The solution of f(x)=h(x) will be calculated as:

[tex]x^2-3x+10=10x\\\\\\x^2-7x+10=0\\\\\\x^2-5x-2x+10=0\\\\\\x(x-5)-2(x-5)=0\\\\\\x=5,2[/tex]

Hence the solution of f(x)=h(x) will be x(5,2).

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Which expression is equivalent to 18x+8y?

Answers

Answer
2 (9 x + 4 y)

Hope this helps :)

Part A
Which expression can be used for the missing side length of the rectangle?

Part B
Find the length of the missing side when x = 3. Round answer to the nearest tenth.

Length = in.

Answers

Answer:

d

Step-by-step explanation:

(8x)^2 = (2x)^2 + y^2

64x^2 - 4x^2 = y^2

60x^2 = y^2

y = 2x√15

liam has 12 red ballons and 14 blue ballons he puts all of his ballons into 2 equal groups how many ballons are in each group

Answers

Answer: 6 red and 7 blue

Step-by-step explanation:

Cut in half the amount of each balloon

If he is putting all of the balloons together then you add them, 12+14=26
Then he divided 26 into 2 equal groups so divide 26 by 2 which is 13

13 is your answer :)

Please help I need it quick!!!! Please

Answers

Answer:

Question 1

Cost per 10,000 Popsicle sticks = $725.20

⇒ Single Popsicle stick = 725.20 ÷ 10000 = $0.07 (nearest cent)

Question 2

Cost per 1,000 motherboards = $8,730

⇒ Cost of Single motherboard = 8730 ÷ 1000 = $8.73

Cost per 10 motherboards = $100

⇒ Cost of Single motherboard = 100 ÷ 10 = $10

Difference = 10 - 8.73 = $1.27

Question 3

Create a table with the cost per 1 unit:

[tex]\begin{array}{| c | c | c | c |}\cline{1-4} \sf PART & \sf COST\:PER\:1\:of\:10 & \sf COST\:PER\:1\:of\:1000 & \sf COST\:PER\:1\:of\:10000\\\cline{1-4} \sf Motherboard & \$10.00 & \$8.73 & \$7.04 \\\cline{1-4} \sf Processor & \$5.00 & \$1.25 & \$0.63 \\\cline{1-4} \sf Popsicle & \$0.10 & \$0.09 & \$0.07 \\\cline{1-4} \sf Motor & \$4.50 & \$0.18 & \$0.04 \\\cline{1-4} \sf Sensor & \$6.30 & \$4.54 & \$3.18 \\\cline{1-4} \sf Small\:gear & \$1.00 & \$0.80 & \$0.70 \\\cline{1-4} \end{array}[/tex]

From inspection of the table, the Motor saves the most money per unit when 10,000 is bought, since the difference between the cost of 1 unit is the greatest for this part.

Question 4

Cost of 1100 motherboards

= cost of 1000 +  cost of 10 x 10

= 8730 + 100 x 10

= 8730 + 1000

= $9,730

Question 5

Cost of 12050 sensors

= cost of 10000 + cost of 1000 x 2 + cost of 10 x 5

= 31752 + 4536 x 2 + 63 x 5

= 31752 + 9072 + 315

= $41,139

please help will give brainliest

Answers

The most common commute time is the minutes with the most dots above it, so 20 minutes is the most common.

Evaluate: 2 • [(6 + 1)2 + 1]

Answers

Answer:

20

Step-by-step explanation:

2•[(6+1)2+1]

2•[(7)3]

2•10

• means times

2×10

20 answer

Answer:

p

Step-by-step explanation:

2 • [(6 + 1)2 + 1]

First The Brackets :

[(6 + 1)

->>> 6 + 1

= 7

But there's a bracket around 6 + 1 so now we multiply

-->>> [(7)2 + 1]

->>> 7 x 2

= 14

So now we add :

-->>> 14 + 1

= 15

And now we multiply:

->>> 15 2

--->>> 30

Hope it helps :))))

Select the correct answer.
Factor completely
5x² - 45
OA (5x + 9)(x - 5)
O.B. 5(x - 45)
OC. 5(x-9)(x+ 9)
OD. 5(x+3)(x - 3)
Reset
Next

Answers

Answer:

D. 5(x + 3)(x - 3)

Step-by-step explanation:

Both terms are perfect squares, therefore we will factor using the difference of squares formula;

a² - b² = (a + b) (a - b)

5(x + 3)(x - 3)

5(x² - 9)

(5x² - 45)

5x² - 45

Option D is correct, the factored form of the expression  5x² - 45 is 5(x+3)(x - 3)

What is Expression?

An expression is combination of variables, numbers and operators.

The given expression is 5x² - 45

Five times of x square minus forty five

x is the variable and minus is the operator

Let us take 5 common from the expression to find the factor form

5(x² - 9)

5(x² - 3²)

Now we know that a² - b²  = (a+b)(a-b)

5(x+3)(x-3)

Hence, the factored form of the expression  5x² - 45 is 5(x+3)(x - 3)

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what is the product ?

Answers

Answer: 25x^2 - 1^2

Explanation:

(5x+1) (5x-1)

(5x)^2 - 1^2

25x^2 - 1^2

Answer:

b) 25x² - 1

Step-by-step explanation:

→ (5x + 1)(5x - 1)

→ 25x² + 5x - 5x - 1

→ 25x² - 1

Thus, option (b) is the answer.

3x+5y= -9
Y= 2x-7
Use substitution to solve the system

Answers

Answer:

x = 2

Step-by-step explanation:

3x + 5y = -9 ___(1)

y = 2x - 7

Substituting y's value in (1) ..

3x + 5( 2x - 7) = -9

3x + 10x -35 = -9

13x = -9 + 35

13x = 26

x = 26/13

x = 2

please help thank you

Jack and Marcy are at an amusement park. Jack is standing 75 meters from a hot air balloon ride. He is recording Marcy with his cell phone as she gets into the basket of the balloon and the hot air balloon begins to rise.

Answers

Here

Tan65°=h/75m

2.1445 × 75 = h

h = 160.83

Step-by-step explanation:

This is very very simple

How can I get 9th grade to add up to 500? You can only change summer and fall. Thank you

Answers

Answer:

8th fall- 203 9th fall-95

Step-by-step explanation:

the 9th total is 500

8th fall is 203

9th fall is 95

Tell whether the system has one​ solution, infinitely many​ solutions, or no solution.

Answers

Answer:

Has infinite solutions

Explanation:

-x + 5y = -3..... eq1

2x - 10y = 6 .... eq2

===============

make x the subject in equation 1

-x + 5y = -3

-x = -3 - 5y

x = 5y + 3

========= insert this in equation 2

2(5y + 3) - 10y = 6

10y + 6 -10y = 6

6 = 6

So, Has infinite solutions as L.H.S = R.H.S


Write down the exact value of tan 60

Answers

Answer:

[tex] \sqrt{3} [/tex]

Goodluck

Answer:

[tex]\sqrt 3[/tex]

Step-by-step explanation:

[tex]\tan 60^{\circ} = \dfrac{\sin 60^{\circ}}{\cos 60^{\circ}} = \dfrac{\tfrac{\sqrt 3}2}{\tfrac 12} = \dfrac{\sqrt 3}2 \cdot 2 = \sqrt 3[/tex]

Pls help me and show work! Thank you <3

Answers

Answer: 23

Step-by-step explanation:

By the alternate exterior angles theorem, [tex]4x-11=x+58 \longrightarrow x=\boxed{23}[/tex]

How much dollars is 92¢?

Answers

Its 0.92

Sure hope this helsp you :D

16) Graph g(x) = x + 3 + 2

Answers

X=1.6 just did the math

11.75 in fraction form

Answers

Answer:

47/4 but you can simplify it to 11 3/4

Step-by-step explanation:

11 is the whole number and 75 is 3/4ths of 1 or another whole number.

PLEASE HELP ME, I GIVE 69 POINTS FOR CORRECT ANSWER

A square pyramid has a base with an area of 20 square meters, and its lateral faces have a slant height of x meters. Sydney is constructing a second square pyramid with the same size base, but the lateral faces of her pyramid have a slant height twice as long, 2x. Which statement best describes how the surface area of Sydney’s pyramid compares to the surface area of the original pyramid?

A: Sydney’s pyramid will have the same surface area because the One-half in the expression for the area of the triangular faces will make up for the slant height being doubled.

B: Sydney’s pyramid will have the same surface area because the slant height is not used when finding surface area.

C: Sydney’s pyramid will have a surface area that is exactly double the original pyramid’s because the slant height is used when finding the area of every lateral face.

D: Sydney’s pyramid will have a surface area that is greater than the original pyramid’s but not double the area because the slant height is not used when finding the area of the base.

(PS: If you choose C, you're wrong.)

Answers

Answer:

D

Step-by-step explanation:

I hope this helps! If it does, please mark me Brainliest! Thanks in advance!

A bottle of laundry detergent is 7/10

full. Jamie uses
3/10
of the bottle to

do her laundry. What fraction of the
bottle of laundry detergent is left?
Explain.

Answers

Answer:4/10 =2/5

Step-by-step explanation:

you subtract the numerator but the denominator stays the same. I then found a number that could be divided into both numbers and got 2/5.

What value of x makes this equation true? -80= -120 + X​

Answers

Answer:

x = 40

Step-by-step explanation:

Preform the opposite opposite operation to get x by itself.

  -80 = -120 + x

+ 120   +120

    40  =  x

Answer:

answer

Step-by-step explanation:

Answer is, 40

Many counties in Florida missed many school days in the fall of 2004 due to hurricanes that year. To make up those days, they added time to each school day for a portion of the year. It was decided that in order to make up a 6 hour school day, 10 minutes would be added to each day. How many extended days would be needed to make up 3 school days?​

Answers

Answer:

if 10 minutes was added each day 30 minutes is how long it would extend in 3 days

PLEASE HELP ILL MARK AS BRAINLEST


Which statement describes the speed of the remote-control car over time? O The speed of the car decreases from 4 mi/h to 2 mi/h in the first 3 seconds, increases to 5 mi/h in the next 2 seconds, and then remains at 5 mili for the last 5 seconds. O The speed of the car increases from 4 mi h to 2 mih in the first 3 seconds, decreases to 5 mi/h in the next 2 seconds, and then remains at 5 mi/h for the last 5 seconds. O The speed of the car decreases from 4 mi/h to 2 mi/h in the first 3 seconds, increases to 6 mi/h in the next second, and then remains at 6 mi/h for the last 6 seconds. O The speed of the car decreases from 4 mi/h to 2 mi/h in the first 3 seconds, increases to 5 mih in the next 5 seconds, and then remains at 5 mi/h for the last 10 seconds,​

Answers

Answer:

Step-by-step explanation:

The explanation of the problem is  shown in the attached figure.

AS shown in the  graph:

At t = 0 the speed = 4 miles/h then decrease to the speed = 2 miles/h during the first 3 seconds then increased to 5 miles/h during the next 2 seconds, then it became constant at 5 miles/h for the last 5 seconds.

So, the correct option is:

A. The speed of the car decreases from 4 mi/h to 2 mi/h in the first 3 seconds, increases to 5 mi/h in the next 2 seconds, and then remains at 5 mi/h for the last 5 seconds.

The function h is defined as follows.
Screenshot shows the question.​

Answers

[tex]\sf Simplified[/tex] -2h

_______________________

[tex]\sf Given~h(-2)[/tex][tex]\sf Simply~move~2~to~the~left.[/tex]

_______________________

Do the ratios 21:45 and 7:15 form a proportion?

Answers

Answer:

yes, it form a proportion...

I WILL GIVE 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER

Answers

Answer:

294 inches squred

Step-by-step explanation:

3 x 10 = 30

3 x 9 = 27

10 x 9 = 90

2(30) + 2(27) + 2(90) = 294

For what values of a can you solve the linear system az + 3y = 2 and 4x + 5y = 6 by elimination without
multiplying first?
The values
and

Answers

Answer:

4, -4

Step-by-step explanation:

I think the first equation is ax + 3y = 2, not az + 3y = 2.

ax + 3y = 2

4x + 5y = 6

To use elimination, you need the coefficients of a to either add to zero, or to have a difference of zero if you subtract them.

a + 4 = 0

a = -4

a - 4 = 0

a = 4

Answer: a must be 4 or -4.

Answer:

-4 and 4

Step-by-step explanation:

Given linear system:

[tex]ax+3y=2[/tex]

[tex]4x+5y=6[/tex]

In order to solve the given linear system by elimination without multiplying first, [tex]a[/tex] must be either -4 or 4.  That way, when you add or subtract the equations, the variable [tex]x[/tex] will be eliminated.

when [tex]a = -4[/tex]:

[tex]\large\begin{array}{ l r c c l r}& -4x & + & 3y & = & 2\\+ & 4x & + & 5y & = & 6\\\cline{1-6}& & & 8y & = & 8\\\cline{1-6}\end{array}[/tex]

when [tex]a = 4[/tex]:

[tex]\large\begin{array}{ l r c c l r}& 4x & + & 3y & = & 2\\- & 4x & + & 5y & = & 6\\\cline{1-6}& & & -2y & = & -4\\\cline{1-6}\end{array}[/tex]

if you have 10 goldfish and 3 die how many are left

Answers

Answer:

7 goldfish

Step-by-step explanation:

10-3=7

Answer:

10-3=8

i think

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