A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different​ prizes: an automobile valued at ​$​, a ​$ gas​ card, or a ​$ shopping card. To claim his or her​ prize, a prospective customer needed to present the flier at the​ dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of ​, the chance of winning the gas card was 1 out of and the chance of winning the shopping card was out of 31,866​, the chance of winning the gas card was 1 out of 31,866, and the chance of winning the shopping card was 31,864 out of 31,866.

Required:
a. How many fliers do you think the automobile dealership sent​ out?
b. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the expected value of the prize won by a prospective customer receiving a​ flier?
c. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a​ flier?

Answers

Answer 1

Answer:

(a) 31101

(b) $5.65

(c) $113.38

Step-by-step explanation:

The complete question is:

A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different prizes: an automobile valued at $20,000, a $125 gas card, or a $5 shopping card. To claim his or her prize, a prospective print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31,101, the chance of winning the gas card was 1 out of 31,101, and the chance of winning the shopping card was 31, 099 out of 31,101.

Solution:

The information provided is as follows:

[tex]P(\text{Car})=\frac{1}{31101}\\\\P(\text{Gas Card})=\frac{1}{31101}\\\\P(\text{Shopping Card})=\frac{31099}{31101}[/tex]

(a)

The number of fliers the automobile dealership sent​ out is, n = 31,101.

This is because the probability of winning any of the three prize is out of 31,101.

(b)

Compute the expected value of the prize won by a prospective customer receiving a​ flier as follows:

[tex]E(X)=\sum x\times P(X=x)[/tex]

         [tex]=[20000\times \frac{1}{31101}]+[125\times \frac{1}{31101}]+[5\times \frac{31099}{31101}]\\\\=0.6431+0.0040+4.9997\\\\=5.6468\\\\\approx 5.65[/tex]

Thus, the expected value of the prize won by a prospective customer receiving a​ flier is $5.65.

(c)

Compute the standard deviation of the prize won by a prospective customer receiving a​ flier as follows:

[tex]SD(X)=\sqrt{V(X)}=\sqrt{E(X^{2}-(E(X))^{2}}[/tex]

           [tex]=\sqrt{[(20000)^{2}\times \frac{1}{31101}+(125)^{2}\times \frac{1}{31101}+(5)^{2}\times \frac{31099}{31101}]-(5.65)^{2}}\\\\=\sqrt{12854.9011}\\\\=113.37947\\\\\approx 113.38[/tex]

Thus, the standard deviation of the prize won by a prospective customer receiving a​ flier is $113.38.


Related Questions

How to estimate the sums and differences

Answers

Am I supposed to answer the sum of each one ?

Lin rode her bike 2 miles in 8 mins. She rode at constant speed. Complete the table to show the time it took travel different distances at this speed

Answers

Answer:

4, 1

Step-by-step explanation:

If you take 2, 8 and make it a ratio you get 2 : 8.

Then you turn 2 : 8 into 1 : 4. That is your answer for a mile.

For the other answer, you want to divide 2 by 8.

(Hope this helps) :)  

Manuel has 5/8 of a pizza to share equally with his brother. What fraction of the original pizza will each person receive?

Answers

Answer:

Step-by-step explanation:

⅝ ÷½

=⅝ײ/1

=⁵/4

=1¼

Whenever you divide two fractions you rewrite it switching the division sign for multiplication and writing the reciprocal of the second fraction.

A fraction is written in the form of a numerator and a denominator where the denominator is greater than the numerator.

5/8 of the pizza is equally shared between two people.

The fraction of the original pizza that each person receives is 5/16 of the pizza.

What is a fraction?

A fraction is written in the form of a numerator and a denominator where the denominator is greater than the numerator.

Example: 1/2, 1/3 is a fraction.

We have,

Amount of pizza = 5/8

Equally shared between two people:

= 5/8 ÷ 2

= 5/(8x2)

= 5/16

This means that the fraction of the original pizza that each person receives is  5/16 of the pizza.

Thus,

5/8 of the pizza is equally shared between two people.

The fraction of the original pizza that each person receives is  5/16 of the pizza.

Learn more about fractions here:

https://brainly.com/question/24370499

#SPJ2

Vertex (3,2) and point(2,-3) written in vertex form

Answers

Answer:

which principle prevents a brach from abusing  its power

Step-by-step explanation:

which principle prevents a brach from abusing  its power

which principle dis aprroves the over use of power

1) _______ is caused by the weight of air above an area. *
atmospheric pressure
high pressure
low pressure
2) _________ creates less pressure on the barometer *
high pressure
low pressure
3) _______ creates greater pressure on the barometer. *
high pressure
low pressure
4) Read the following statement and determine if it describes high pressure or low pressure. As air cools, it becomes more dense and sinks toward the Earth's surface spinning clockwise. *
high pressure
low pressure

Answers

1: atmospheric
2:low pressure
3:high pressure

Let xy=6 and x2 + y2 = 23 what is the value of (x+y)^2?
[Hint expand out (x+y)^2?]

Answers

Answer:

[tex](x + y) {}^{2} \\ = x {}^{2} + 2xy + y {}^{2} \\ = x {}^{2} + y {}^{2} + 2xy \\ = 23 + 2 \times 6 \\ = 23 + 12 \\ = 35 \\ \\ therefore \: the \: value \: \\ of \: (x + y) {}^{2} is \: 35.[/tex]

35 is the correct answer.....Hopes to get BRAINLIEST......

Thank you ☺️

need help asap please help

Answers

It’s the second option :)

multiple and divide signed numbers​

Answers

Answer:

the answer is 9

Step-by-step explanation:

The answer is 9 because 18\2 is 9

If an individual is selected at random, what is the probability that he or she has a birthday in July? Ignore leap years.

Answers

1/12 because there are 12 months

The probability is  [tex]\frac{31}{365}[/tex]  , If an individual is selected at random have birthday in July  .

What is probability?

Probability can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event.

Probability(Event) = [tex]\frac{Favorable Outcomes}{Total Outcomes}[/tex] = [tex]\frac{x}{n}[/tex]

According to the question

Total number  of days in year = 365

Total number of days in a leap year = 366

As, given  Ignore leap years

So, we will take days of years as 365 .

Now,

he or she has a birthday in July

i.e ,

It can be be happen any day of July

Total days in July = 31

Now,

Probability(Event) = [tex]\frac{Favorable Outcomes}{Total Outcomes}[/tex] = [tex]\frac{x}{n}[/tex]

substituting the value

Probability(Event) = [tex]\frac{Total\\\ day\\\ in\\\ July }{Total\\\ days\\\ in\\\ year}[/tex]

Probability(Event) = [tex]\frac{31}{365}[/tex]

Hence, If an individual is selected at random the probability have birthday in July  is  [tex]\frac{31}{365}[/tex]  .

To know more about probability here:

https://brainly.com/question/11234923

#SPJ2

2. Tand Rare vertical angles. m measure of an angle that is supplementary to

Answers

Answer:

Could you please give more information? If and when you do, I'll gladly update my answer. I check my daily notifications!

Step-by-step explanation:

HELP PLZ!!! IM RUNNING OUT OF TIME!!! 100PTS!!!

What is the slope of the line passing through the two given coordinates: f(0) = 3, and f(2)=11. Round your answer to the nearest integer.

Answers

Answer:

the slope is 2/11 pls give me brainliest cause I gave you the actual answer and didnt use u for points

Can somebody pls answer these three questions pls!!!!ASAP

Answers

Answer:

1) x=1

2) x=6

3) x=3

Step-by-step explanation:

i just did them :) good luck

A Karate club consists of 35 persons holding a black belt
(highest rating), 64 persons holding a brown belt (middle
rating), and 97 persons holding a purple belt (lowest rating).
What is the probability that a randomly-selected club member
holds a brown belt or a purple belt?
A) 0.238
B) 0.762
C) 0.687
D) 0.313

Answers

Answer:

B

Step-by-step explanation:

35+64+97=196       97+64=161          161/196=B

The probability that a randomly-selected club member holds a brown belt or a purple belt is 0.821 which is nearest to 0.762.

What is probability?

It is defined as the ratio of the number of favourable outcomes to the total number of outcomes, in other words, the probability is the number that shows the happening of the event.

Total number of person = 35+64+97 = 196

P(brown belt) = 64/196  

P(purple belt) = 97/196    

Probability that a randomly-selected club member holds a brown belt or a purple belt:

= 64/196 + 97/196

= (64+97)/196

= 161/196 = 0.821

Thus, the probability that a randomly-selected club member holds a brown belt or a purple belt is 0.821 which is nearest to 0.762.

Learn more about the probability here:

brainly.com/question/11234923

#SPJ2

What are the roots of the quadratic equation x²-81=0

Answers

Answer:

What are the roots of the quadratic equation x²-81=0

Answer:

x = ± 9

Step-by-step explanation:

Given

x² - 81 = 0 ( add 81 to both sides )

x² = 81 ( take the square root of both sides )

x = ± [tex]\sqrt{81}[/tex] = ± 9

Thus roots are x = - 9, x = 9

I need help!! Its so hard for me i tryed so many times and still no answers

Answers

7:1 2:14 3:21 4:28 5:35 6:42 7:49

Hope you do your best


What is the product of the 3rd square number and the 3rd square number

Answers

Answer:

3² x 3² = 9 x 9 = 81

Step-by-step explanation:

hope it helps you


90% off
original price!
The original price of a calculator is $40. What is the sale price?

Answers

Answer:

that answer is 4

Step-by-step explanation:

divide the percent  by 40 and you get 4

Answer:

it is 4 dollars off

Step-by-step explanation:

40/10=4 and since it's 90% off, we multiply 4 x 9.

4 x 9 = 36. 40 - 36 = 4.

Create a word problem using the math sentence below. Make sure you write in complete sentences. -25 + (-35)

Answers

Step-by-step explanation:

john put 25 dollars in a jar and his wife put 35 dollars in the savings jar as well so save for there trip coming up

Answer:

Sally borrowed twenty-five dollars from Alex to buy a movie at the store. Later, she borrowed another thirty-five dollars to buy ride tickets at the state fair. How much money does she owe Alex?

Step by-step explanation:

When you have an even number of negative numbers in an equation, the answer will always be positive. When there's an odd number of negative numbers, the answer will be negative. For a problem like this, you can ignore the negative signs and focus on the numbers. 25+35 is 60, so Sally owes Alex 60 dollars.

                  Hope this helps!

Please help!

Let triangle ABC be an isosceles triangle where angle ABC is congruent to angle BCA. Prove that the sides (AB and AC) opposite the congruent base angles of a triangle are congruent.

Answers

I constructed line AD as a perpendicular bisector of line BC. Angles BDA and CDA are both 90 degrees because of the construction of a perpendicular bisector. Angles BDA and CDA are congruent because of the transitive property of equality.  Line BD is also equal to CD according to the definition of a perpendicular bisector. Triangles ABD and ACD are congruent by the angle side angle postulate. Since the parts of the congruent triangles are congruent, lines AB and AC are congruent.

The sides AB and AC opposite the congruent base angles of a triangle are congruent.

What is an isosceles triangle?

An isosceles triangle is a triangle with (at least) two equal sides. A polygon that consists of two equal sides, two equal angles, three edges, three vertices and the sum of internal angles of a triangle equal to 180°.

For the given situation,

Triangle ABC be an isosceles triangle.

∠ABC ≅ ∠BCA.

The diagram below shows an isosceles triangle ABC with AD is the perpendicular bisector of BC.

The perpendicular bisector AD divides the line BC as BD and DC.

Then, BD = DC.

We get triangles ΔADB and ΔADC,

AD = AD [∵ common side]

⇒ [tex]\angle ADB = \angle ADC=90[/tex]

Thus by ASA theorem,

The two triangles ΔADB and ΔADC are similar.

Then by CPCT theorem,

Side AB ≅ AC.

Therefore the sides AB and AC opposite the congruent base angles of a triangle are congruent.

Hence we can conclude that the sides AB and AC opposite the congruent base angles of a triangle are congruent.

Learn more about an isosceles triangle here

https://brainly.com/question/12951731

#SPJ2

I really need help with this ?

Answers

Answer:

j

Step-by-step explanation:

A florist has 80 flowers. She ties 3 flowers together in each bunch. If she makes as many bunches of 3 flowers as possible, how many flowers are left over?

Answers

26 bunches and 2 flowers.
Explanation: divide 80 by 3. You would get 26 and a little over. So, multiply 26 by 3 and you get 78. Subtract 78 from 80 and you have both answers.

Steven earns extra money babysitting. He charges $25.00 for 4 hours and $43.75 for 7 hours.

Enter an equation to represent the relationship. Let x represent the number of hours Steven babysits and y represent the amount he charges.

Answers

Answer:

An easy way to solve this problem is divide $25.00 by 3 or $43.75 by 7. This number represents the amount of money he makes for 1 hour. So with that in mind, the correct equation is:

$8.33 = y

Hope this helped :)!

what is as big as an elephant but does not weigh as much as an elephant ill give a brainiest to the first correct answer

Answers

an elephant's shadow??

Consider the following figure where l1 and l2 are parallel and cut by transversals g1
and g2.
Part A: Determine the values of M, N, V and R.

Answers

Answer:

m: 88

n: 112

v: 88

r: 112

Step-by-step explanation:

The standard deviation from the National Health and Nutrition Survey is 1.29 hours. What is the variance (rounded to the hundredth place) ?

Answers

Answer:

variance = 1.66 hours

Step-by-step explanation:

It is given that,

The standard deviation from the National Health and Nutrition Survey is 1.29 hours.

We need to find the variance. We know that the relationship between the variance and the standard deviation is given by :

[tex]\text{Variance }=\text{standard deviation}^2\\\\\text{Putting all the values, we get :}\\\\\text{Variance }=(1.29)^2\\\\\text{Variance }=1.664\ \text{hours}[/tex]

or

Variance = 1.66

So, the variance is 1.66 hours.

HELP !!!
Find the equation of a line parallel to -3x - 5y = 4 that contains the point (4,3). Write the equation in slope-intercept
form

Answers

9514 1404 393

Answer:

  y = -3/5x +27/5

Step-by-step explanation:

Since we want a parallel line, we can use the same x- and y-coefficients to find the new constant in the given form:

  -3(4) -5(3) = -12 -15 = -27

In the given form, the equation of the desired line is ...

  -3x -5y = -27

Solving for y, we have ...

  -5y = 3x -27

  y = -3/5x +27/5

4 divied by 217 long divisions

Answers

Answer:

Step-by-step explanation:

Answer: 0.018 or not simplified: 0.01843317972

     0. 0 1 8

2 1 7 4. 0 0 0

   − 0      

     4 0    

   −   0    

     4 0 0  

   − 2 1 7  

     1 8 3 0

   − 1 7 3 6

         9 4

Solve the equation. If necessary, enter your answer as an reduced improper fraction.
h +9 = 16

Answers

Answer:

7

Step-by-step explanation:

It's seven because If you take 9 you just have to find the number that adds up to sixteen so in that case 6+9=16

Hey :)

h + 9 =16

Subtract 9 from both sides

h= 16−9

Subtract 9 from 16 to get 7

h=7

Hope this helps :)

A gas company uses formula c=26+0.05 t worI out the charge t a customer each month

Answers

Answer:

more info please!!!

Step-by-step explanation:

what is the mean (average) of 2,4,5,6,8

Answers

Answer:

5

Step-by-step explanation:

In order to figure out average, we need to add up all the numbers. So adding 2, 4, 5, 6, and 8 gives us 25. We now divide that total by the total number of terms we used to reach 25. So since we had 5 numbers, we divide 25 by 5 to get an average of 5.

Answer:

5.

Step-by-step explanation:

To find mean. you just add all the numbers up and divide by the number of numbers (5).

2+4+5+6+8=25

25/5=5

Other Questions
Choose the correct English for Mira ese pez tan grande. paragraph of the most important reason for having a baby???? Perform the following metric conversions: Please explain bc I really dont get it at ALL !!!!200.7 pm = _________________________nm0.000357 hm = ______________________cm14.78 mg = __________________________ g8.280 g = __________________________pg How did Chinese philosophies influence government in China? why do you think white colonist respond with such fear and paranoia to the possibility of slave revolt , even in situations where there was no evidence of conspiracy? Asppppp help Im taking a quixxxx Choose the sentence that shows the correct usage of commas. Because we had packed haphazardly we were unable to put all our supplies into the suitcases. explain what the illustration below is describing about communication -2x + 12 = -2(x 6) Which of the following describes the head of a bone?O A sharp processO A rounded surface of articulationO A shallow depression or basinO A small flat surface of articulation What values are the solutions for x2 + 2x = 8? Which situation is represented by the equation 6x = 4x + 18? a, James paid $18 for 4 books. What is the cost of one book? b. James paid the same amount for 6 books as he did for 4 books and a CD that costs $18. What was the cost of each book? c. Six times a number is the same as 4 times the number decreased by 18. What is the number x? d. Six more than the number of red beads in a bag is the same as 18 more than 4 times the number of red beads in the bag. What is x, the number of red beads in the bag,HURRY PLEASE 17. The area of the large square below is 49 centimetres squared. What are the side lengths of the shaded triangle? NEED TO SKETCH THE GRAPH OF EACH LINE Choose all of the equations for which x = 2 is a solution 4.14.24.34.44.54.6 Which action describes the first step in both scientific investigation and technological design?researching how solar panels workidentifying a need for a solar panelcommunicating to the team that solar panels are easy to installdesigning a solution by sketching a prototype for a solar panel Which of the following heroes did not have to perform a specific task only he could accomplish? 1.Sigfried2.odysseus3.ramayana4. Arthur Which choice most accurately evaluates how the historical setting influences the theme of the passage? A factory costs $290,000. You forecast that it will produce cash inflows of $85,000 in year 1, $145,000 in year 2, and $230,000 in year 3. The discount rate is 10%. a. What is the value of the factory