Answer:
Loss of $1.20
Step-by-step explanation:
The possible outcomes for this lottery and their probabilities are:
- a 1 in 100 chance of winning $450
- a 2 in 100 chance of winning $120
- a 4 in 100 chance of winning $30
- a 93 in 100 chance of losing $10
Therefore, the expected value of this lottery when buying one ticket is:
Therefore, you are expected to lose $1.2 per ticket.
Answer:
The expected value of lateness 
hours.
Step-by-step explanation:
The probability distribution of lateness is as follows:
Lateness P (Lateness)
On Time 4/5
1 Hour Late 1/10
2 Hours Late 1/20
3 Hours Late 1/20
The formula of expected value of a random variable is:
Compute the expected value of lateness as follows:
Thus, the expected value of lateness hours.
Each teacher should receive 108 pencils
The probability of event A and B to both occur is denoted as P(A ∩ B) = P(A) P(B|A). It is the probability that Event A occurs times the probability that Event B occurs, given that Event A has occurred.
So, to find the probability that you will be assigned a poem by Shakespeare and by Tennyson, let Event A = the event that a Shakespeare poem will be assigned to you; and let Event B = the event that the second poem that will be assigned to you will be by Tennyson.
At first, there are a total of 13 poems that would be randomly assigned in your class. There are 4 poems by Shakespeare, thus P(A) is 4/13.
After the first selection, there would be 13 poems left. Therefore, P(B|A) = 2/12
Based on the rule of multiplication,
P(A ∩ B) = P(A) P(B|A)P(A ∩ B) = 4/13 * 2/12
P(A ∩ B) = 8/156
P(A ∩ B) = 2/39
The probability that you will be assigned a poem by Shakespeare, then a poem by Tennyson is 2/39 or 5.13%.
