The student council is hosting a drawing to raise money for…

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $1 each and will sell 1500 tickets. There is one $600 grand prize, five $50 second prizes, and twenty $25 third prizes. You just bought a ticket. Find the expected value for your profit. Round your answer to the nearest cent (two decimal points). Video on Expected Value Hint Textbook Pages

Answer the following questions and round your answers to 2 d…

Answer the following questions and round your answers to 2 decimal places. 13% of all Americans live in poverty. If 45 Americans are randomly selected, find the probability that A. Exactly 5 of them live in poverty. [response1] B. At most 5 of them live in poverty. [response2] C. At least 5 of them live in poverty.[response3] D. Between 3 and 6 (including 3 and 6) of them live in poverty. [response4] Hint Video on Using the TI 84 Calculator to Find Binomial Probabilities Textbook Pages

Answer the following questions and round your answers to 2 d…

Answer the following questions and round your answers to 2 decimal places. 72% of all students at the college still need to take at least another math class. If 38 students are randomly selected, find the probability that A. Exactly 29 of them still need to take another math class. [response1] B. Fewer than 27 of them still need to take another math class. [response2] C. More than 25 of them still need to take another math class. [response3] D. Between 26 and 30 (including 26 and 30) of them still need to take another math class. [response4] Hint Video on Using the TI 84 Calculator to Find Binomial Probabilities Textbook Pages

Answer the following questions and round your answers to 2 d…

Answer the following questions and round your answers to 2 decimal places. 56% of violent felons in the prison system are repeat offenders. If 32 violent felons are selected at random, find the probability that A. Exactly 16 of them are repeat offenders. [response1] B. At most 20 of them are repeat offenders. [response2] C. More than 21 of them are repeat offenders. [response3] D. Between 15 and 25 (including 15 and 25) of them are repeat offenders. [response4] Hint Video on Using the TI 84 Calculator to Find Binomial Probabilities Textbook Pages

Suppose that you are offered the following “deal”. You roll…

Suppose that you are offered the following “deal”. You roll a die. If you roll a 1, you win $15. If you roll a 2, 3, or 4 you win $10. If you roll a 5, or 6, you pay $20. A. Complete the PDF Table. List the x values from largest to smallest.   x P(x) [response1] [response2] [response3] [response4] [response5] [response6]   B. Find the expected value. [response7] C. Interpret the expected value. [response8] D. Based on the expected value, should you play this game? [response9] Video on Expected Value Hint Textbook Pages