# Question: Five thousand raffle tickets are to be sold at

Five thousand raffle tickets are to be sold at $ 10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows:

If you buy one ticket, calculate your expected winnings. (Form the probability distribution of x= your dollar winnings, and remember to subtract the cost of your ticket.)

If you buy one ticket, calculate your expected winnings. (Form the probability distribution of x= your dollar winnings, and remember to subtract the cost of your ticket.)

**View Solution:**## Answer to relevant Questions

A survey conducted by a song rating service finds that the percentages of listeners familiar with Poker Face by Lady Gaga who would give the song ratings of 5, 4, 3, 2, and 1 are, respectively, 43 percent, 21 percent, 22 ...The customer service department for a wholesale electronics outlet claims that 90 percent of all customer complaints are resolved to the satisfaction of the customer. In order to test this claim, a random sample of 15 ...Suppose that x has a Poisson distribution with. a. Write the Poisson formula and describe the possible values of x. b. Starting with the smallest possible value of x, calculate p( x) for each value of x until p( x) becomes ...Suppose that x has a hypergeometric distribution with n = 8,r =5 and n = 4. Find a. Write out the probability distribution of x. b. Find the mean variance and standard deviation of this distribution. A consumer advocate claims that 80 percent of cable television subscribers are not satisfied with their cable service. In an attempt to justify this claim, a randomly selected sample of cable subscribers will be polled on ...Post your question