1 point Suppose you buy 1 lottery ticket for $2. There are 1,000 tickets, where the prize for the one winning ticket is

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1 Point Suppose You Buy 1 Lottery Ticket For 2 There Are 1 000 Tickets Where The Prize For The One Winning Ticket Is 1 (31.6 KiB) Viewed 31 times

1 point Suppose you buy 1 lottery ticket for $2. There are 1,000 tickets, where the prize for the one winning ticket is to be $757. What is your expected value? The table below summarizes the distribution. Round your answer to the nearest hundredth. 10 Amount Won or Lost, x $757 -$2 Type your answer... Probability, Pix) 0.001 0.999 1point Assume that a procedure yields a binomial distribution with a trial repeated in times. n-11.x-10.p-1/7 Don't forget to identify the values of n, x. p. and a before computing. If your rate is given as a percent or fraction, remember to write it as a decimal first. Use the binomial probability formula and write your answer as a decimal rounded to four places Type your answer...