Question: this is the table and my answer for #21, I just need 22 and 23 File Hom Inser Desi Trans Anin Slide Revis View Reco
this is the table and my answer for #21, I just need 22 and 23


File Hom Inser Desi Trans Anin Slide Revis View Reco Help Tell Norma In one such game. you pay $1 to select one of 50 ducks from the pool and prize are determined by the following list: 15 Number of ducks Outcome 20 ducks with red dots Lose the money you paid to play" 16 10 ducks with orange dots Win a sticker valued at $0.05 10 ducks with green dots Win a small toy valued at $0.10 17 6 ducks with blue clots Get to play again 4 ducks with purple clots Win a stuffed animal valued at $4.00 18 21. Fill in the probability distribution. Color of dot Net gain X Probability POO 19 Red Orange Green 20 Blue Purple 21 = Notes Comments 19 21) Net Gain Prob. Red ($-1loss) (20/50= 2/5) Oran. ($-0.95 loss) (10/50= 1/5) Green -($-0.90 loss) (10/50= 1/5) Blue I-($0) (5/50=3/25) Purple -($3 gain) (4/50= 2/25) * I subtracted the $1 from the value of each of the choices searchA Quantitative Reasoning Approach 22. Find the expected value of playing the game once. 23. Is the owner of the game making money? Explain
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
