Suppose you buy 1 ticket for $1 out of a lottery 1,000 tickets

profiletutor4helpyou
 (Not rated)
 (Not rated)
Chat

5) Suppose you buy 1 ticket for $1 out of a lottery 1,000 tickets where the prize for the one winning 5)_____________ ticket is to be $500. What is your expected value?
A) -$0.50
B) $0.00
C) -$0.40
D) -$1.00

8) An airline estimates that 97% of people booked on their flights actually show up. If the airline books 70 people on a flight for which the maximum number is 68, what is the probability that the number of people who show up will exceed the capacity of the plane?

  • 6 years ago
Suppose you buy 1 ticket for $1 out of a lottery 1,000 tickets
NOT RATED

Purchase the answer to view it

  • attachment
    answer.docx