Question
question 1- --A raffle is being held to benefit the local animal shelter.They sell 690 tickets that do not win any prize, 17 tickets that
question 1---A raffle is being held to benefit the local animal shelter.They sell 690 tickets that do not win any prize, 17 tickets that win a free adoption (valued at $20), and one ticket that wins $160 worth of pet supplies and toys.If they are selling the tickets for $5 each, how much should the shelter expect to earn for each ticket sold?
question 2----Phil Dunphy, a real estate agent, is considering whether he should list an unusual $411,470 house for sale.If he lists it, he will need to spend $4,605 in advertising, staging, and fresh cookies.The current owner has given Phil 6 months to sell the house.If he sells it, he will receive a commission of $16,743.If he is unable to sell the house, he will lose the listing and his expenses.Phil estimates the probability of selling this house in 6 months to be 38%.What is the expected profit on this listing?
question 3---A spinner is broken into sections labeled 1 to 13.What is the probability that, on your next spin, that you will spin a(n) 5?
question 4--A spinner is broken into sections labeled 1 to 12.What is the probability that, on your next spin, that you will spin a number less than 5?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started