Answer: 95
Step-by-step explanation:
Think of 1/8 times 760 as 760/8 because it’s the same thing.
Answer:
The expected value of profit is -0.5125. This is expected loss as value is negative.
Step-by-step explanation:
We are given the following in the question:
P(winning) = 0.075
Thus,
P(Loosing) =

If we win we gain a profit of $5.50 and if we loose the lottery, we loose $1.
Thus, we can form the probability distribution in the following manner:
Event: Winning Loosing
Profit(x): +5.50 -1
P(x): 0.075 0.925
We have to calculate the expected value of the profit.

Thus, the expected value of profit is -0.5125. This is expected loss as value is negative.
Answer:
Step-by-step explanation:
Part 1
P(z < -1.45)
Using the z score table
P =
Part 2
We solve using z score formula
z = (x-μ)/σ, where x is the raw score, μ is the population mean, and σ is the population standard deviation.
a) P(X >52)
x = 52
Mean = 60
Standard deviation = 8
z = 52 - 60/8
z = -1
P-value from Z-Table:
P(x<52) = 0.15866
P(x>52) = 1 - P(x<52) = 0.84134
b) P(48 < x < 64)
1q+2x-1 liner #1 liner # is 18% one