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

**tutor4helpyou**

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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**

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