Question

At the "Ping Pong Ball Toss" fair booth at the fair you pay $2 to play. You have a 8% probability of winning.

A) If 2000 people visited the booth how many of them would win.

B) If the prizes given away cost $5. How much does the fair booth make off of those 2000 people?

Answer 1

This isn't a multiple choice question. It's a two part question: Part A) and part B)

Answer 2

2000 * 0.08

Answer 3

Wait so that's what I have to do in order to get the answer to A)?

Answer 4

2000 * 0.08 is the answer to A ( 8% = 0.08 as a decimal)

Answer 5

we would expect 8% of 2000 to win since that is what is stated in the problem yes.

Answer 6

ooooh. So the answer is 160? 160 people would win?

Answer 7

For part B you calculate the amount of money the fair booth takes in and th eamount its expected to give out in prize money. His profit is the difference.

Answer 8

160 yes

Answer 9

2000 pay in $2, the table pays out 160 at $5

whats the tables expected profits for 2000 players?

Answer 10

$3,200 ?

Answer 11

4000 - 5*160

Answer 12

yes

Answer 13

YAY!

Answer 14

Thanks peeps

Answer 15

yw