Question

Suppose that 1000 raffle tickets are sold in one event and 800 raffle tickets are sold...

Suppose that 1000 raffle tickets are sold in one event and 800 raffle tickets are sold at another event. If Jessie purchased 10 tickets in each raffle, what is the probability that she will win at least one first prize?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You are participating in a raffle in which there will be 2000 tickets sold. Each ticket...
You are participating in a raffle in which there will be 2000 tickets sold. Each ticket costs 5 dollars. There is 1 first prize, a $100 gift certificate. 2 second prize $50 gift certificates. And 5 third prizes of $25. Use this information to answer the following questions. Show your work. a. What is the expected value of a single raffle ticket? b. According to the mathematics, should you participate in the raffle? c. If you purchased 20 tickets, how...
1. One thousand tickets are sold at $1 each for a charity raffle. Tickets are to...
1. One thousand tickets are sold at $1 each for a charity raffle. Tickets are to be drawn at random and cash prizes are to be awarded as follows: 1 prize of $100, 3 prizes of $50, and 5 prizes of $20. What is the expected value of this raffle if you buy 1 ticket? 2. Suppose 10% of the high school students are late for school.What is the probability that exactly 1 out of 5 students will be late...
One thousand tickets are sold at $1 each for a charity raffle. Tickets are to be...
One thousand tickets are sold at $1 each for a charity raffle. Tickets are to be drawn at random and cash prizes are to be awarded as follows: 1 prize of $100, 3 prizes of $50, and 5 prizes of $20. What is the expected value of this raffle if you buy 1 ticket? Now suppose some benefactor agrees to give every player $1000, regardless of the outcome of the raffle. What is the expected value of the game? What...
In a raffle where 2000 tickets are sold for $2 each, one first prize of $600...
In a raffle where 2000 tickets are sold for $2 each, one first prize of $600 and one second prize of $300 will be awarded. What is the expected value of a single ticket in the raffle? Round your answer to the nearest hundredth, and do not include a $ sign or the word "dollars" in your response.  
A raffle is conducted in which 1000 tickets are sold for $2.00 each. 1 ticket wins...
A raffle is conducted in which 1000 tickets are sold for $2.00 each. 1 ticket wins $500.00, 1 ticket wins $100.00, and 5 tickets win $10.00. What is the expected value of a single ticket? Do not include the dollar sign, just the positive or negative number rounded to the nearest penny if necessary.
A university organization annually holds a raffle event for fundraising purposes. The prizes include one $1000,...
A university organization annually holds a raffle event for fundraising purposes. The prizes include one $1000, three $500, and five $100. They would sell a total of one thousand tickets, in which a single ticket costs $5. (a) Create a probability distribution table which includes the wins and losses. (b) Find the expectation if a person buys one ticket. How much will this person win or lose? (c) Is this raffle/game fair? Why or why not?
b. Danny joined a charity event and there is a charity raffle. The first prize was...
b. Danny joined a charity event and there is a charity raffle. The first prize was RM100000, the second prize was RM20000 with a RM10000 third prize. The tickets were very expensive (RM2000) but the total number of tickets was restricted to only 1000. This contrasts with the usual situation of selling thousands of tickets for a small nominal amount. Danny likes to support charities and the prizes are very tempting. If Danny buys a ticket, what is his expectation...
Five thousand tickets are sold at​ $1 each for a charity raffle. Tickets are to be...
Five thousand tickets are sold at​ $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes awarded as​ follows: 1 prize of ​$700 ​, 3 prizes of ​$300 ​, 5 prizes of ​$50 ​, and 20 prizes of​ $5. What is the expected value of this raffle if you buy 1​ ticket?
8000 raffle tickets are sold. First price is $3000, two second Prices of $1000, and three...
8000 raffle tickets are sold. First price is $3000, two second Prices of $1000, and three third prizes of $200 each will be awarded, with all winners selected random. If you purchase one ticket, what are your expected gross winning
   John bought one of 200 raffle tickets for $10. The sponsors then randomly select one...
   John bought one of 200 raffle tickets for $10. The sponsors then randomly select one grand prize worth $200, two second prizes worth $100 each, and three third prizes at $50 each.                                                                       (a) Verify that this is a probability distribution.                                                        (b) Recognizing that John spent $10 to buy a ticket, determine the expected value of this raffle to him.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT