You cannot do it that way. Make sure the question you wrote is correct, because you would divide 5 by 100, not 100 by 5. A simple way is to move the decimal point two points to the left. 5% as a decimal is 0.05.
The answer is false if the question is written this way.
Answer:
B
Step-by-step explanation:
Conditional probability is:
P(A given B) = P(A and B) / P(B)
Here, P(A and B) = 0.052 and P(B) = 0.17:
P(A given B) = 0.052 / 0.17
P(A given B) = 0.306
Answer:-0.0625
Step-by-step explanation:
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.