## Expected Value Resources

I think my brain is officially fried lol. Any help is greatly appreciated.    A game at a fund-raiser carnival involves throwing a dart at a wall of balloons. If the balloon that...

There are n kids in ProbabilityVille and each of them has a toy. One day, they decided to randomly reassign the toys in such a way that each of the n! possible assignments of toys to kids is equally...

sample space of outcomes would be -(2,4,6) , (2,2,2,6) ,(4,6) etc . but as described in video sample space would be- (2,4,5),(4,1),(2,2,2,4,3) etc explain me the reason behind the answer? thank...

A gamble draws a card from an ordinary deck of cards. If it is a black card, she wins \$2. If it is a red card between or including 3 and 7, she wins \$10. If it is a red face card, she wins \$25, and...

Find the expected value of buying a scratch-off lottery ticket.

Imagine you are doing research for a term paper in your English class and you have chosen the topic to be “The Benefits and Costs of My State's Lottery”. You find the following information for your...

A coin is tossed until we get the pattern HTH. Assume that H appears with probability p. What is the expected number of flips required? [Hint: Condition on the number of flips required to...

A gambler draws a card from an ordinary deck of cards. If it is a black card, she wins \$2. If it is a red card between or including 3 and 7, she wins \$10. If it is a red face card, she wins \$25, and...

5. In the past few years, attention has been focused on hybrid learning versus traditional learning. Administrators in a large urban district take a random sample of 50 ninth graders and compare the...

The probability that your device needs repairs 18% and the average cost of repairs for this device is \$145 (parts and labor). What is the expected value for this contract? Show all math for this....

A manufacturer is considering the development of a new and improved mousetrap. She estimates the probability that the new mousetrap being successful at market is 75%. Success would result in profits...

A contest at a fast-food restaurant offered the following cash prizes and probabilities of winning on one visit when a customer buys an order of French fries for \$ 1.63 Find the expected winnings...