QUESTION 1 The N.C. Lottery released a new game in May 2019 called the $500 Loaded....

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QUESTION 1 The N.C. Lottery released a new game in May 2019 called the $500 Loaded. Each scratch-off ticket $5 costs $5 and they printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize. Prize Value Number of Tickets 5 14,274 1,907 49,124 280,608 841,824 841,824 $200,000 $500 $100 $50 $20 $10 $5 How many of the printed game tickets are losers? $500 LOADED 8 ECT 8 $100 ONEHUN NORTH CAROLINA EDUCATION LOTTERY 34 THE $10 TENDOL G 26 TTS MINNING NUMDERS 11 ELV THR YOUR NUMBERS 37 TRV $20 THENTY 13 THN $50 FIFTY 17 31 SVT TRO $200,000 $20 THOHNTHO THENTY 00SAMPLE-0000 18 EGN $5 FIVDOL 4 FOR $10 TENDOL 26 HTTS $500 FIVHUN 40 FRY 16 SXT L $50 SVN $5 FINDOL ONE $100 ONEMUN Match any of YOUR NUMBERS to any of the WINNING NUMBERS, win PRIZE shown for that number. Reveala symbol, win that PRIZE instantly. Reveal P symbol, win all 12 PRIZES shown! Reveal 300 symbol, win $500 instantly! nclottery.com QUESTION 2 The table is missing an important row. Use your answer from the previous question to help you add the missing information. Prize Value $200,000 $500 $100 $50 $20 $10 $5 Number of Tickets 5 14,274 1,907 49,124 280,608 841,824 841,824 QUESTION 3 Determine how much money is being paid out for each type of prize by calculating the products. Please don't include the $ symbol in your product column. Prize Value $200,000 $500 $100 $50 $20 $10 $5 Number of Tickets 5 14,274 1,907 49,124 280,608 841,824 841,824 $ पी $ $ $ $ $ Products QUESTION 4 Sum up your products column. What is the total prize payout for the $500 Loaded game? Do not include the $ symbol in your answer. QUESTION 5 1 points Save Answer For your birthday your friend gives you a card with a $500 Loaded ticket in it. What is the expected value of this gift? Do not include a $ in your answer. QUESTION 6 The scratch off tickets for the $500 Loaded game cost $5 each. If you buy one, what is the expected gain or loss when you consider both the cost of the ticket and the expected value of the ticket? Do not include the $ symbol. If the expectation is a gain, your answer should be positive. If the expectation is a loss, your answer should be negative. QUESTION 7 You are considering participating in the student math league which offers cash prizes for certain score on the test. After researching results in the past you estimate that there is a 1/120 chance you will win $100, a 1/60 chance you will win $50, a 1/22 chance you will win $25, and a 1/9 chance you will win $10. Fill in the table below, with the prizes in order starting with the largest. Write the probabilities as decimals rounded to four decimal places and round monetary amounts to the nearest cent. $ tA $ $ tA $ $ Prize Probability A LA Product QUESTION 8 What is the expected value of prize money if you compete in the Student Math League contest? (Fortunately there is a lot of good experience with math practice, friendly competition, and networking involved. And it's free to compete.) Write your expected winnings as dollars rounded to the nearest cent. QUESTION 9 1 points Save Answer The Phi Theta Kappa honor society is holding a raffle to raise funds for a service project. They are selling raffle tickets for $5 each and the prizes are as follows: A Thanksgiving dinner for four valued at $120, four pumpkin pies from the culinary school valued at $25 each, and ten turkey sandwiches for the Monday after break, valued at $6 each. PTK ends up selling 122 tickets total. If someone gives you one of those 122 tickets without your having to pay for it, what is the expected value of the ticket? QUESTION 10 Assuming they paid full price for all the prizes, how much money will the PTK Thanksgiving raffle raise for the honor society's service project? QUESTION 1 The N.C. Lottery released a new game in May 2019 called the $500 Loaded. Each scratch-off ticket $5 costs $5 and they printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize. Prize Value Number of Tickets 5 14,274 1,907 49,124 280,608 841,824 841,824 $200,000 $500 $100 $50 $20 $10 $5 How many of the printed game tickets are losers? $500 LOADED 8 ECT 8 $100 ONEHUN NORTH CAROLINA EDUCATION LOTTERY 34 THE $10 TENDOL G 26 TTS MINNING NUMDERS 11 ELV THR YOUR NUMBERS 37 TRV $20 THENTY 13 THN $50 FIFTY 17 31 SVT TRO $200,000 $20 THOHNTHO THENTY 00SAMPLE-0000 18 EGN $5 FIVDOL 4 FOR $10 TENDOL 26 HTTS $500 FIVHUN 40 FRY 16 SXT L $50 SVN $5 FINDOL ONE $100 ONEMUN Match any of YOUR NUMBERS to any of the WINNING NUMBERS, win PRIZE shown for that number. Reveala symbol, win that PRIZE instantly. Reveal P symbol, win all 12 PRIZES shown! Reveal 300 symbol, win $500 instantly! nclottery.com QUESTION 2 The table is missing an important row. Use your answer from the previous question to help you add the missing information. Prize Value $200,000 $500 $100 $50 $20 $10 $5 Number of Tickets 5 14,274 1,907 49,124 280,608 841,824 841,824 QUESTION 3 Determine how much money is being paid out for each type of prize by calculating the products. Please don't include the $ symbol in your product column. Prize Value $200,000 $500 $100 $50 $20 $10 $5 Number of Tickets 5 14,274 1,907 49,124 280,608 841,824 841,824 $ पी $ $ $ $ $ Products QUESTION 4 Sum up your products column. What is the total prize payout for the $500 Loaded game? Do not include the $ symbol in your answer. QUESTION 5 1 points Save Answer For your birthday your friend gives you a card with a $500 Loaded ticket in it. What is the expected value of this gift? Do not include a $ in your answer. QUESTION 6 The scratch off tickets for the $500 Loaded game cost $5 each. If you buy one, what is the expected gain or loss when you consider both the cost of the ticket and the expected value of the ticket? Do not include the $ symbol. If the expectation is a gain, your answer should be positive. If the expectation is a loss, your answer should be negative. QUESTION 7 You are considering participating in the student math league which offers cash prizes for certain score on the test. After researching results in the past you estimate that there is a 1/120 chance you will win $100, a 1/60 chance you will win $50, a 1/22 chance you will win $25, and a 1/9 chance you will win $10. Fill in the table below, with the prizes in order starting with the largest. Write the probabilities as decimals rounded to four decimal places and round monetary amounts to the nearest cent. $ tA $ $ tA $ $ Prize Probability A LA Product QUESTION 8 What is the expected value of prize money if you compete in the Student Math League contest? (Fortunately there is a lot of good experience with math practice, friendly competition, and networking involved. And it's free to compete.) Write your expected winnings as dollars rounded to the nearest cent. QUESTION 9 1 points Save Answer The Phi Theta Kappa honor society is holding a raffle to raise funds for a service project. They are selling raffle tickets for $5 each and the prizes are as follows: A Thanksgiving dinner for four valued at $120, four pumpkin pies from the culinary school valued at $25 each, and ten turkey sandwiches for the Monday after break, valued at $6 each. PTK ends up selling 122 tickets total. If someone gives you one of those 122 tickets without your having to pay for it, what is the expected value of the ticket? QUESTION 10 Assuming they paid full price for all the prizes, how much money will the PTK Thanksgiving raffle raise for the honor society's service project?

Answer rating: 100% (QA)

There are 10452265 printed game tickets for the North Carolina Education Lotterys 500 Loaded game Of ... View the full answer