Question

Probablility Distributions help.

Answer 1

Suppose you purchase a raffle ticket for $10.00. First prize is $500, second prize is $125, and third prize is $75. If 500 tickets are sold, what should you expect to win or lose? Round the answer to the nearest cent.

$9.94 loss
$8.60 loss
$1.34 gain
$9.45 gain

Which of the following situations can be modeled by a continuous random variable? Choose ALL that apply.

The number of baskets made during a game.
The temperature in your city on August 1.
The height of a randomly-selected student.
The number of sunny days in May.