Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. in an auditorium with 500 people, one person will

In an auditorium with 500 people, one person will be chosen to win a $100...

80.2K

Verified Solution

Question

Basic Math

image

In an auditorium with 500 people, one person will be chosen to win a $100 gift card. The rest of the people will receive a $0.25 key chain.What is the probability that you will be chosen to win the gift card?What is the probability that you will receive a key chain?Find the expected value.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

itching Match each item with the correct statement below a growth hormone b insulin c...

Geometry
1.2K views

Question 4 Points 3 There is a circular garden enclosed by a square field The...

Calculus
1.2K views

be an absolute minimum value for f x on the interval 1 4 34 Find...

Accounting
1.2K views

7) which of the following characteristics applies to process costing, but does not apply to...

Accounting
1.2K views

Cost accumulation in two departments Country Products...

Accounting
1.2K views

Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and,...

Accounting
1.2K views

QUESTION 20 2 points Marlene wants to develop a statement that defines the terms of...

Accounting
1.2K views

Valley Ranch Incorporated borrowed $272,000 cash on October 1,2022 , and signed a nine-month, 9%...

Accounting
1.2K views

What is the net income for this income statement? For 1988 only please. ...

Accounting
1.2K views

Juliana purchased land three years ago for $111,700. She gave the land to Tom, her...

Accounting
1.2K views

A company has earnings per share net income of $905,000; its weighted-average common shares outstanding...

Finance
1.2K views

Excel Online Structured Activity: Constant growth You are considering an investment in Justus Corporation's stock,...