algebra II

posted by .

find the expected value of the prize

value \$0 \$1 \$5 \$20
probability 0.9359 0.05 0.01 0.003

Similar Questions

1. Probability

A contest entrant has a .00001 probability of winning \$5,000.00. If this is only prize and the entry fee is \$20.00, then what is the expected value?
2. Math

what is the expected value of a fair game?
3. Intro to probability

Two balanced coins are tossed. What are the expected value and the variance of the number of heads observed?
4. algebra II

find the expected value of the prize value \$0 \$1 \$5 \$20 probability 0.9359 0.05 0.01 0.003 \$100 \$1000 0.001 0.0001
5. math

Seven thousand raffle tickets are to be sold at \$10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows: Prize Number to Be …
6. Math

Seven thousand raffle tickets are to be sold at \$10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows: Prize Number to Be …
7. Statistics

Seven thousand raffle tickets are to be sold at \$10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows: Prize Number to Be …
8. Statistics

There is a \$2 raffle with a first prize of \$10000, a second prize of \$500, and a 3rd prize of \$100. If 1000 tickets are sold find the expected value. How much should the raffle ticket cost to make this a fair game?
9. statistics

1000 raffle tickets are sold and the winner is chosen at random there is only one prize \$500 in cash you buy one ticket(a) what is the probability you will win the prize of \$500 (b) your expected earnings can be found by multiplying …
10. Math/Probability/Statistics

Find the expected value and the standard deviation in the following raffle: Value Tickets Grand Prize: \$2,000.00 1 Second Place Prize: \$800.00 20 Third Place Prize: \$40.00 60 Fourth Place Prize: \$30.00 300 Total Number of Tickets Sold: …

More Similar Questions