Question
please answer both questions parts so I can better understand 9. Every year a high school baseball team holds a fund-raiser raffle. It sells 250
please answer both questions parts so I can better understand
9. Every year a high school baseball team holds a fund-raiser raffle. It sells 250 raffle tickets for $10 each. Suppose you buy a ticket. In this raffle, there is one $200 prize. If you win, you do not get the $10 for purchasing the raffle ticket back. a) Construct the probability distribution table for this raffle from the players perspective.
X | P(x) |
b) Compute the expected value of this raffle from the players perspective and find the standard deviation.
c) If you buy a raffle ticket for ten years in a row, what is the expected value?
10. We take a random sample of size 50 from a population of dogs at a contest. There is a 25% chance of the dog being a Poodle-mix. a) Find the mean and standard deviation of the number of Poodle-mix dogs at the contest.
b) Find the probability that the sample contains exactly 9 Poodle-mix dogs.
c) Find the probability that the sample has less than 15 Poodle-mix dogs.
d) Find the probability that the sample has at least 20 Poodle-mix dogs.
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