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#18 At the carnival, we found a bean bag toss booth. There's a 0.68 probability of throwing the bean bag into the outer ring, a
#18 At the carnival, we found a bean bag toss booth. There's a 0.68 probability of throwing the bean bag into the outer ring, a 0.19 probability of throwing it into the middle ring, and the remaining probability throwing it into the center of the target. Tickets are awarded depending on which ring the bean bag lands in. We get 1 ticket for the outer ring, 2 tickets for the middle ring, and 3 tickets for the center. What is the expected value (number of tickets) we will get if we play the game 10 times? Outer Ring Middle Ring Center Ring Probability 0.19 0.68 Tickets 1 2 3 Submit Answer format: Number: Round to: 1 decimal places. #23 Calculate the Expected Value for Sell Company Success Moderate Success Failure Probability 0.3 0.3 0.4 Sell Company 83 83 83 Form Joint Venture 210 120 14 Sell Software on own 420 210 100 Submit Answer format: Number: Round to: 1 decimal places
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