If E and F are events with P(E)=0.4, P(F)=0.6, and P(EF)=0.3, then use a Venn diagram to find the probability of the fol
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If E and F are events with P(E)=0.4, P(F)=0.6, and P(EF)=0.3, then use a Venn diagram to find the probability of the fol
In a raffle 1000 tickets are sold at $1.00 each. The first prize is $250 and there are five-second prizes of $100 each. Find the following: The expected value of a ticket. (a) [3] (b) If a person buys 5 tickets, the expected loss for that person. [2]
In a raffle 1000 tickets are sold at $1.00 each. The first prize is $250 and there are five-second prizes of $100 each. Find the following: The expected value of a ticket. (a) [3] (b) If a person buys 5 tickets, the expected loss for that person. The A fair coin is tossed three times. A player wins $3 if three heads occur, wins $1 if one head occurs, and loses $6 if there are no heads. If two heads occur, no one wins. (a) Find the expected value of the game. ( (b) [2] Is the game fair? Justify!
The A fair coin is tossed three times. A player wins $3 if three heads occur, wins $1 if one head occurs, and loses $6 if there are no heads. If two heads occur, no one wins. (a) Find the expected value of the game. (b) Is the game fair? Justify! [3] C