Answer:
For many(n) tickets, the average payoff is 0.5n, in which n is the number of tickets.
Step-by-step explanation:
1/1000 chance of winning.
This means that there is an 1/1000 probability of you earning $500.
1 - 1/1000 = 999/1000 chance of losing.
In this case, you earn nothing.
What is your average payoff from many tickets
Your average payoff from a ticket is 0.5. So for many(n) tickets, the average payoff is 0.5n, in which n is the number of tickets.
Answer:
(2,6) or x = 2, y = 6
Step-by-step explanation:
Answer:
0
Step-by-step explanation:
Because finding mean is adding the numbers, then dividing by the number of numbers. They are both 2.5. So 2.5 - 2.5 =0
Bella: 2.5
Isaac: 2.5
Answer: P(22 ≤ x ≤ 29) = 0.703
Step-by-step explanation:
Since the machine's output is normally distributed, we would apply the formula for normal distribution which is expressed as
z = (x - µ)/σ
Where
x = output of the machine in ounces per cup.
µ = mean output
σ = standard deviation
From the information given,
µ = 27
σ = 3
The probability of filling a cup between 22 and 29 ounces is expressed as
P(22 ≤ x ≤ 29)
For x = 22,
z = (22 - 27)/3 = - 1.67
Looking at the normal distribution table, the probability corresponding to the z score is 0.047
For x = 29,
z = (29 - 27)/3 = 0.67
Looking at the normal distribution table, the probability corresponding to the z score is 0.75
Therefore,
P(22 ≤ x ≤ 29) = 0.75 - 0.047 = 0.703
Answer:
-5.995
Step-by-step explanation:
