1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rjkz [21]
4 years ago
10

In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will recieve a laptop compu

ter vauled at $1200. What is the expected value for a person that buys one ticket?
Mathematics
1 answer:
Kryger [21]4 years ago
7 0

Answer:

$ 1.2

Step-by-step explanation:

The first thing is to define the expected value of the ticket that would be the sum of the value for all event probabilities.

That is, if you buy 1 ticket, for each participant the probabilities are:

1. 1/1000 to get a $ 1,200 item

2. 999/1000 to get nothing ($ 0).

That is to say:

(1/1000) * $ 1200 + (999/1000) * $ 0 = (1/1000) * $ 1200 = $ 1.2

Therefore, the expected value is $ 1.2, this means that in reality each participant pays $ 0.8 more than the ticket is worth

You might be interested in
(z + 3)2<br> Draw me an area that shows the expression
mario62 [17]

Answer: 2z + 6

Step-by-step explanation: Distribute the 2 to z and 3.

7 0
4 years ago
Which trigonometric functions are negative in the fourth (IV) quadrant?
anzhelika [568]
<h3>Answers are: sine, tangent, cosecant, cotangent</h3>

Explanation:

On the unit circle we have some point (x,y) such that x = cos(theta) and y = sin(theta). The sine corresponds to the y coordinate of the point on the circle. Quadrant IV is below the x axis which explains why sine is negative here, since y < 0 here.

Since sine is negative, so is cosecant as this is the reciprocal of sine

csc = 1/sin

In quadrant IV, cosine is positive as x > 0 here. So the ratio tan = sin/cos is going to be negative. We have a negative over a positive when we divide.

Because tangent is negative, so is cotangent.

The only positive functions in Q4 are cosine and secant, which is because sec = 1/cos.

7 0
3 years ago
Your broker charges you 2.5% commission on the market value of bonds you buy or sell. If you wish to buy a par value $1,000 bond
Sauron [17]
B. $21.67 is the answer.
5 0
3 years ago
Read 2 more answers
I am so confused how am I supposed to do this
solniwko [45]
Rise over run, -2/4 or -1/2 so the slope is -1/2 or -0.5. (View picture) And the slope is negative because you are going down wards \ and the "rise" is going down.


6 0
3 years ago
Read 2 more answers
I'm completely lost. I don't know what to do at all.
timama [110]
If you are given 2 points, it's easy to find the slope.
(8, -6)
(3, -2)

slope = (y₂ - y₁) / (x₂ - x₁)
slope = (-2 + 6) / (3 - 8)
slope = (4) / (-5)
m = 4/-5 or -5/4 or 
3 0
3 years ago
Other questions:
  • PLEASE HELP!!!!!!!!!!!!! GEOMETRY
    10·2 answers
  • I need help on this math problem?​
    8·1 answer
  • Find the measures of the numbered angles for each parallelogram number 11
    6·1 answer
  • Which is greater -121.06 or 117.39 ?
    6·1 answer
  • Tammy rents an apartment close to her school campus. The amount that she spends on rent is given by the equation r = 355m, where
    5·1 answer
  • Question below in image
    15·1 answer
  • The table below shows the relationship between the number of miles traveled X in the number of gallons used by which of the foll
    12·1 answer
  • What is the square root of 16 ?<br><br><br><br><br> Join <br> 915 9482 0043 Gm1fgZ
    12·1 answer
  • A mixture of green paint contains 9 pounds of blue paint and 12 pounds of yellow paint to make the same shade of green paint usi
    10·1 answer
  • Jill and Erika made 5 gallons of lemonade for their lemonade stand. How many quarts did they make? If they charge $2.50 per quar
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!