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Question 20 6 pts The state of New Jersey has in circulation (as of 2011) an instant lottery game called $1,000 Downpour. The cost of
Question 20 6 pts The state of New Jersey has in circulation (as of 2011) an instant lottery game called $1,000 Downpour. The cost of each ticket for this lottery game is $5.00. A player can instantly win $75,000, $1,000, $100, $50, $20, $10, or $5. Each ticket has 19 spots covered by latex coating, and the top four spots contain numbers that, if matched by the player's numbers, win money. The remaining 15 spots belong to the player. A player wins if any of the numbers in the player's 15 spots matches any of the four winning numbers. Number of tickets that can Prizes win 0 (i.e. not a winner) 2,853,533 5 621,075 10 327,600 20 58,500 50 31,200 100 5525 1,000 2561 75.000 6 Total= 3,900,000 tickets sold Find and interpret the expected outcome of this game. [Write your answer as a complete sentence] Edit View Insert Format Tools Table 12pt w Paragraph * B I Y Av ZY Ty |: 1 0words > Question 21 4 pts Based on historical data, your manager believes that 31% of the company's orders come from first- time customers. A random sample of 200 orders will be used to estimate the proportion of first- time-customers. What is the probability that the sample proportion is less than 0.28? [Percent or decimal will work, at least 2 decimals]
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