SOLUTION: Please help me solve this problem:
A lottery ticket has pays out $10 with probability 0.06 and $1,000 with probability 0.0001. How much money will the average ticket pay?
Algebra.Com
Question 537809: Please help me solve this problem:
A lottery ticket has pays out $10 with probability 0.06 and $1,000 with probability 0.0001. How much money will the average ticket pay?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
10 times 0.06 plus 1000 times 0.0001.
Super-deluxe Double-plus Extra Credit.
Would you play the game if each ticket cost $0.69?
John
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
A lottery ticket pays out $6 with probability 0.003 and $600 with probability 0.00055.... (answered by edjones)
Connecticut Lottery In the Cash Five Lottery in Connecticut, a player pays 1 dollar for... (answered by ikleyn)
With Binomial Distributions and Probability:
In a lottery, each ticket buyer has a 1 in... (answered by stanbon)
Hi! Can someone please help me with this problem? I have no idea how to do this and I am... (answered by ewatrrr)
A lottery has a $ 2 000 000 first prize, a $ 250 000 second prize, and a three $5000... (answered by math_tutor2020,ikleyn)
Please help me solve this problem:
Suppose a plane's engine has a 1/14,000 chance of... (answered by ewatrrr)
Hi, I have no idea how to solve this problem. In fact, I'm completely confused...can... (answered by ewatrrr)
Lottery. A $2 Powerball lottery ticket has a 1/27.05 prob-
ability of winning $4, a... (answered by ikleyn)
Could you help me please, to solve this problem
A lottery is created with 35 numbers.... (answered by math_helper)
