Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 A college student union is organizing a fund raising. A total of 285 tickets are sold, each at $50. The student union has

image text in transcribed
Question 2 A college student union is organizing a fund raising. A total of 285 tickets are sold, each at $50. The student union has got sponsors from different parties, below are the list of all prizes: 1\" prize: A Caribbean cruise holiday, values $2000 2"d prize: Supermarket spending coupons, values $1000 3'7d prize: Movie tickets, values $300 4'11 prize: Restaurant spending coupons, values $300 Others: A thank you card, values $0 (a) Use X to represent the earning of a person who has bought one ticket. Present the probability distribution function of X. (Earning = the value of the prize the selling price of the ticket) (4 marks) (b) Calculate the expectation and standard deviation of X. (4 marks) (c) Kevin bought three tickets. He says the number of prizes he may win with his tickets follow a Binomial distribution, Y ~ Bin(3, ). Is he correct? (Answer: Yes I No, no explanation is required in part (c)) (2 marks) (Total: 10 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Mathematics questions

Question

Recognize the economic context for managing the arts. p-687

Answered: 1 week ago