Ask a Question

Suppose 10,000 tickets are sold in a lottery each for Re 1. First prize is of Rs 3000 and the second prize is of Rs. 2000.

in Education by
Suppose 10,000 tickets are sold in a lottery each for Re 1. First prize is of Rs 3000 and the second prize is of Rs. 2000. There are three third prizes of Rs. 500 each. If you buy one ticket, what is your expectation. Select the correct answer from above options

1 Answer

0 votes
by
 
Best answer
Let X variable for the prize. There is possibility of winning nothing, Rs 500,Rs 2000 and Rs 3000. So, X will take these values. Since there are 3 third prizes of 500 probability of winning third prize is 3/10000. 1 first prize of 3000 probability of winning third prize is 1/10000. 1 second prize of 2000 probability of winning third prize is 1/10000.

Related questions

0 votes
Q: There are 1000 sealed envelopes in a box, 10 of them contain a cash prize of Rs 100 each, 100 of them contain a cash prize of Rs 50 each
    There are 1000 sealed envelopes in a box, 10 of them contain a cash prize of Rs 100 each, 100 of them ... contains no cash prize? Select the correct answer from above options...
asked Nov 21, 2021 in Education by JackTerrance
0 votes
Q: A girl calculates that the probability of her winning the first prize in a lottery is 0.08.
    A girl calculates that the probability of her winning the first prize in a lottery is 0.08. If 6000 tickets are sold, ... C. 480 D. 750 Select the correct answer from above options...
asked Nov 21, 2021 in Education by JackTerrance
0 votes
Q: 250 lottery tickets were sold and there are 5 prizes on these tickets. If kunal has purchased one lottery ticket, what is the probability that he wins
    250 lottery tickets were sold and there are 5 prizes on these tickets. If kunal has purchased one lottery ticket, ... wins a prize? Select the correct answer from above options...
asked Nov 17, 2021 in Education by JackTerrance
0 votes
Q: A bag contains 17 tickets, numbered from 1 to 17. A ticket is drawn and then another ticket is drawn without replacing the first one.
    A bag contains 17 tickets, numbered from 1 to 17. A ticket is drawn and then another ticket is drawn without ... may show even numbers. Select the correct answer from above options...
asked Nov 21, 2021 in Education by JackTerrance
0 votes
Q: In a dice game, a player pays a stake of Re1 for each throw of a die. She receives Rs 5 if the die shows a 3,
    In a dice game, a player pays a stake of Re1 for each throw of a die. She receives Rs 5 if the die shows ... a long series of throws? Select the correct answer from above options...
asked Nov 20, 2021 in Education by JackTerrance
0 votes
Q: In a lottery there are 10 prizes and 25 blanks. What is the probability of getting a prize?
    In a lottery there are 10 prizes and 25 blanks. What is the probability of getting a prize? Select the correct answer from above options...
asked Nov 17, 2021 in Education by JackTerrance
0 votes
Q: One ticket is drawn at random from a bag containing tickets numbered 1 to 40.
    One ticket is drawn at random from a bag containing tickets numbered 1 to 40. The probability that the selected ticket has ... 5 D. 1/3 Select the correct answer from above options...
asked Nov 21, 2021 in Education by JackTerrance
0 votes
Q: A shopkeeper sells three types of flower seeds A1, A2 and A3. They are sold as a mixture where the proportions are 4:4:2 respectively.
    A shopkeeper sells three types of flower seeds A1, A2 and A3. They are sold as a mixture where the proportions ... does not germinate. Select the correct answer from above options...
asked Nov 20, 2021 in Education by JackTerrance
0 votes
Q: Suppose a random variable X follows the binomial distribution with parameters n and p, where 0 < p < 1.
    Suppose a random variable X follows the binomial distribution with parameters n and p, where 0 < p < 1. If P(x = r) / ... C. 1/5 D. 1/7 Select the correct answer from above options...
asked Nov 19, 2021 in Education by JackTerrance
0 votes
Q: Suppose an integer from 1 through 1000 is chosen at random, find the probability that the integer is a multiple of 2 or a multiple of 9.
    Suppose an integer from 1 through 1000 is chosen at random, find the probability that the integer is a multiple of ... multiple of 9. Select the correct answer from above options...
asked Nov 21, 2021 in Education by JackTerrance
0 votes
Q: In a lottery of 50 tickets numbered 1 to 50, two tickets are drawn simultaneously. Find the probability that: (a) both the tickets drawn have prime nu
    In a lottery of 50 tickets numbered 1 to 50, two tickets are drawn simultaneously. Find the probability that: (a ... has prime number. Select the correct answer from above options...
asked Nov 15, 2021 in Education by JackTerrance
0 votes
Q: An insurance company insured 2000 scooters and 3000 motorcycles. The probability of an accident
    An insurance company insured 2000 scooters and 3000 motorcycles. The probability of an accident involving a scooter ... a motorcycle. Select the correct answer from above options...
asked Nov 16, 2021 in Education by JackTerrance

© Copyright 2018-2023 www.Blogmepost.com. All rights reserved. Developed by Blogmepost.

...