Use the normal distribution to approximate the desired probability.
-The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one: $5300 (1 chance in 8600) ; $2500 (1 chance in 5300) ; $700 (1 chance in 3500) ; $200 (1 chance in 2800) . Find the expected value of the amount won for one entry if the cost of entering is 73 cents.
A) $0.67
B) $0.63
C) $1.29
D) $200
Correct Answer:
Verified
Q44: Solve the problem.
-A contractor is considering a
Q45: Assume that there is a 0.15 probability
Q46: Solve the problem.
-A 28-year-old man pays $57
Q47: Solve the problem.
-The probabilities that a batch
Q48: Solve the problem.
-In a game, you have
Q50: Solve the problem.
-Suppose you buy 1 ticket
Q51: Use the normal distribution to approximate the
Q52: Focus groups of 10 people are randomly
Q53: Use the normal distribution to approximate the
Q54: Solve the problem.
-In a certain town,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents