Answer:
-$2.32
Step-by-step explanation:
Give that
The selling price per ticket is $9
And the number of tickets sold is 500
So,
There is one grand prize, three $300 second prize, and eleven $40 third prizes
We need to find out the expected value of the profit
= 4 + 1.8 + 0.88
= 6.68
Now the expected profit is
= $6.68 - $9
= -$2.32
The line of symmetry is at zero because the coordinates are X= -2 , X= 2
Answer:
.......................................
Answer:
Test is Left tailed test
Parameter tested is standard deviation
Step-by-step explanation:
We are given the hypothesis as;
Null hypothesis; H0: σ = 8.6
Alternative hypothesis; H1: σ < 8.6
Where;σ is a constant generally known in statistics as the standard deviation.
Now, it's the alternative hypothesis that will let us know whether this is left tailed, right tailed or two tailed.
Alternative hypothesis says σ < 8.6.
This means that the values of σ that satisfy this hypothesis are less than 8.6 and thus are on the left hand side of 8.6 on a number line. Thus, the shaded region in a normal distribution curve will be on the left.
Thus, it's a left tailed test
1/4, 0.25, and 25%.
Hope this answer helps! feel free to ask any additional questions :)
