Question: For numbers 23-25, refer to the problem. There are one thousand tickets that are sold for P50.00 each. One ticket will win P10,000.00, two

For numbers 23-25, refer to the problem. There are one thousand tickets

For numbers 23-25, refer to the problem. There are one thousand tickets that are sold for P50.00 each. One ticket will win P10,000.00, two tickets will win P5,000.00 and three tickets will win P1,000,00 each. Let X be the net gain from purchasing a randomly selected ticket. 23. What is the probability that you will win a prize if you buy 2 tickets? A. 998/1000 B. 2/500 24. Which of the following table of values show the probability distribution of X? C. 2/1000 D. 2 A. 10,000 1/1000 5,000 2/1000 1,000 -50 PCX) 3/1000 994/1000 4,950 2/998 950 9,950 1/999 B. -50 X P(X) 3/997 1/999 4,950 950 -50 9,950 1/1000 C. P(X) 2/1000 3/1000 994/1000 5,000 2/998 -50 10,000 1/999 D. X 1,000 P(X) 3/997 1/999 25. What is the mean or expected value of a person who buys a ticket? C. 27 A. 25 B. -25 D. -27

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