Find the expected winnings of a person buying
A lottery has a first prize of $5000, two secondprizes of $1000 each, and two $100 third prizes. A total of10,000 tickets is sold, at $1 each. Find the expected winnings of a person buying 1 ticket.
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A sample of 100 high school students revealed that the mean time spent working at an outside job each week is 10.7 hours with a standard deviation of 11.6 hours. what is the 99% confidence level for the mean number of hours that the population of
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A man buys twenty $1 lottery tickets per week. The chance of buying a winning ticket is 5%. what is the average number of winning tickets that he buys per week ?
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