Question

The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to...

The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency donated the cruise, valued at $2000. The students sold 2306 raffle tickets at $5 per ticket.

(a) Kevin bought twenty-six tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean? (Round your answer to five decimal places.)


What is the probability that Kevin will not win the cruise? (Round your answer to five decimal places.)


(b) Expected earnings can be found by multiplying the value of the cruise by the probability that Kevin will win. What are Kevin's expected earnings? (Round your answer to two decimal places.)
$

Is this more or less than the amount Kevin paid for the twenty-six tickets?
---Select--- less more

How much did Kevin effectively contribute to the Samaritan Center for the Homeless? (Round your answer to two decimal places.)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. USA Today reported that approximately 25% of all state prison inmates released on parole become...
1. USA Today reported that approximately 25% of all state prison inmates released on parole become repeat offenders while on parole. Suppose the parole board is examining five prisoners up for parole. Let x = number of prisoners out of five on parole who become repeat offenders. x 0 1 2 3 4 5 P(x) 0.223 0.375 0.217 0.153 0.031 0.001 (a) Find the probability that one or more of the five parolees will be repeat offenders. (Round your answer...
The Orange County Fair offers raffle tickets to its guests. Four guests will win $500 prizes,...
The Orange County Fair offers raffle tickets to its guests. Four guests will win $500 prizes, six guests will win $50 prizes, and thirteen guests will win $13 prizes. There were 90 tickets sold for $7 each. a) Construct a probability distribution for the data. Select an answer (No commas and from least to greatest) $ $ $ $ Select an answer (No commas) $ $ $ $ Select an answer (Write as a decimal rounded to two decimal places)...
I buy one of 400 raffle tickets for $20. The sponsors then randomly select 1 grand...
I buy one of 400 raffle tickets for $20. The sponsors then randomly select 1 grand prize worth $600, then 2 second prizes worth $200 each, and then 3 third prizes worth $50each. The selections are made without replacement. (a) Complete the probability distribution for this raffle. Give your probabilities as a decimal (rounded to 4 decimal places) or as a fraction. Outcomes          P(x)          Win Grand Prize     Win a Second Prize     Win a Third Prize     Win Nothing     (b) Recognizing that...
Lottery: I buy one of 400 raffle tickets for $20. The sponsors then randomly select 1...
Lottery: I buy one of 400 raffle tickets for $20. The sponsors then randomly select 1 grand prize worth $500, then 2 second prizes worth $300 each, and then 3 third prizes worth $100 each. The selections are made without replacement. (a) Complete the probability distribution for this raffle. Give your probabilities as a decimal (rounded to 4 decimal places) or as a fraction. Outcomes          P(x)          Win Grand Prize     Win a Second Prize     Win a Third Prize     Win Nothing     (b)...
In one of its Spring catalogs, L.L. Bean® advertised footwear on 26 of its 192 catalog...
In one of its Spring catalogs, L.L. Bean® advertised footwear on 26 of its 192 catalog pages. Suppose we randomly survey 20 pages. We are interested in the number of pages that advertise footwear. Each page may be picked more than once. 1. Is it probable that all twenty will advertise footwear on them? Why or why not? (Round your answer to two decimal places.) ____ , because the probability that all twenty will advertise footwear is _____ 2. What...