100 tickets are sold for $2 each. There is $100 prize and a $50 prize. What is the expected value for a person that buys a ticket?

Answers

Answer 1

Answer:

To calculate the expected value for a person that buys a ticket, we need to multiply the probability of each outcome by the payoff of that outcome and then add them up. The probability of winning the $100 prize is 1/100, since there is only one winning ticket out of 100. The probability of winning the $50 prize is also 1/100, since there is only one other winning ticket. The probability of losing is 98/100, since there are 98 tickets that do not win anything. The payoff of winning the $100 prize is $98, since we have to subtract the cost of the ticket ($2) from the prize. The payoff of winning the $50 prize is $48, for the same reason. The payoff of losing is -$2, since we lose the cost of the ticket. Therefore, the expected value for a person that buys a ticket is:

(1/100) * ($98) + (1/100) * ($48) + (98/100) * (-$2)

= $0.98 + $0.48 - $1.96

= -$0.50

This means that on average, a person that buys a ticket will lose $0.50 in this game.

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Related Questions

what kind of impact did this british presence have on the people of kenya / 1 - 5 paragraphs

Answers

In writing Paragraphs you must consider the structure of the Paragraphs, Paragraphs contain three main parts:

a topic sentence supporting sentences a concluding sentence.

What is the concluding sentence.?

Generally, Unfair labor practices, systemic racism, and forced relocation based on the demands of colonial settlers were all hallmarks of British control in Kenya, which lasted for the majority of the country's history.

During the 1950s, there was a persistent uprising against the control of the colonial government as a direct consequence of the increasing dissatisfaction.

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The Abbasid Caliphate was plundered and conquered by which group?
оо
A:the Byzantines
B:the Aryans
C:the Rus
D:the Mongols

Answers

The Mongols conquered The Abbasid Caliphate.

What causes resulted in the Caliphate's fall?

But a number of additional elements, both internal and external, contributed to the Caliphate's collapse. Persian bureaucrats gained power from within throughout the first century of an Abbasid caliphate and continued to do so until they proclaimed their independence as that of the Buyids Dynasty in 934CE. In 909 CE, Egypt's Abbasid government was overthrown by the Fatimids.

What function did the Abbasid dynasty serve?

In many areas of the Caliphate, the Abbasid dynasty's power over the enormous Islamic empire were gradually limited to a ritual religious role, but it held control over its Mesopotamian province under Caliph Al-Muqtafi and expanded into Iran under Caliph Al-Nasir.

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what is the benifite of the united statue trading good with mexico or central america

Answers

The USMCA includes a new Good Regulatory Practices chapter, the first of its kind for a U.S. trade agreement, which will help to reduce and prevent non-tariff barriers through increased transparency, evidence-based decision-making, and whole-of-government internal coordination.

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44. Which of the following was NOT on of the five hearths of civilization urbanization?
A. Greece B. Indus River Valley
C. Mesoamerica D. Mesopotamia

Answers

Answer:

C.

Explanation:

I just had a unit on this in November and from what I can remember I don’t think that Mesoamerica is on of them.

Imagine you investigated the African slave trade. Which of the following would provide the best definition of African slave trade?

Answers

Answer:

The sale and exportation of enslaved people from Africa to harvest cash crops for profit.

What are 2 similarities and 2 differences between the way the Aztec traded and the way the Chinese traded?

Answers

Answer: Some of the shared cultural traits among Mesoamerican peoples included a complex pantheon of deities, architectural features, a ballgame, the 260-day calendar, trade, food (especially a reliance on maize, beans, and squash), dress, and accoutrements (additional items that are worn or used by a person, such as earspools

Western Europe lacked the land-based commercial routes that would have assisted in its development while the Silk Route connected the overseas empire of Song China or the Abbasid Caliphate.

What is the most traded good from China?

China exported manufactured goods worth more than 3.2 trillion dollars in 2021, which was a record-breaking amount. China's top exports in that year were automatic computational equipment and parts, which were followed by apparel and apparel accessories, electronic components, and mobile phones.

Who has traded with China?

Japan, Taiwan, South Korea, Australia, nations of the European Union (EU), as well as the United States are the primary import suppliers. Regionally, around one-fourth of China's exports and nearly half of its purchases come through East and Southeast Asia.

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In 1542, the Dominican Friar Bartolomé de Las Casas, himself a former conquistador
and enslaver, published a firsthand account of the atrocities committed against
Native Americans in the New World in The Destruction of the Indies. Las Casas
sparked a debate at the Spanish court that led to the enactment of reforms such as:
a) The encomienda system.
b) The repartimiento.
c) A ban on Indian slavery.
d) A ban on hereditary Indian slavery.

Answers

Las Casas sparked a debate at the Spanish court that led to the enactment of reforms such as a ban on Indian slavery.

Why did Las Casas write Devastation of the Indies?

Las Casas wrote The Devastation of the Indies to persuade the Spanish Crown to intervene and call for the peaceful conversion of the native people to the Catholic faith in response to the brutality that decimated an entire population.

In 1552, Las Casas published A Very Brief Account of the Destruction of the Indies, a shocking account of Spanish atrocities. He attributed the depopulation of Native American populations to Spanish brutality rather than disease spread.

Therefore, A ban on Indian slavery sparked a debate at the Spanish court.

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The English Bill of Rights, which influenced the Declaration of Independence, proposed the idea of

Answers

The English Bill of Rights advocated for a political structure that supported the freedoms and rights of its people.

What is the Bill of Rights?

The first ten amendments to the US Constitution are known as the US Bill of Rights.

The Bill of Rights amendments were put forth in response to the often acrimonious 1787–1788 debate over the ratification of the Constitution and were written to address the concerns raised by Anti-Federalists.

They add to the Constitution explicit declarations that all powers not expressly granted to the federal government by the Constitution are reserved to the states, as well as specific guarantees of individual freedoms and rights.

The English Bill of Rights promoted a system of governance that upheld citizens' freedoms and rights.

The North American colonies were exposed to these concepts and beliefs.

Therefore, the English Bill of Rights advocated for a political structure that supported the freedoms and rights of its people.

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What can I say back to someone who said: " Stuff go get better for me. I'm a king and anointed, so everything I go through makes me stronger. "

Answers

Answer.

Explanation:

I would say thank you for the kind words and depending on if the person telling you those words i would call them king/gueen

when did brent peterson become president and what number was he?

Answers

Answer:

he was president in 1869. And was the 69th president of the United States of America

Explanation:

How did Israel come to occupy Gaza and the West Bank?

Answers

During the Six-Day War, on June 7, 1967, Israeli forces captured and occupied the region (including East Jerusalem), which was subsequently occupied by Jordan. The occupation of the West Bank by Israeli forces has persisted to the present day.

Why did the British give Palestine to Israel?

The British Balfour Declaration of 1917 promised to establish a Jewish national home in Palestine under the Ottoman rule in order to gain Jewish support for Britain's First World War effort.

Israel attacked Egypt on June 5, 1967, beginning the Six-Day War, weeks after Egypt blockaded the Straits of Tiran and stopped Israeli shipping through them. As soon as it took control of the Gaza Strip, the West Bank, and other lands, it swiftly overthrew the neighboring Arab states and put an end to Egypt's occupation.

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What does “Qin Shihuangdi” mean?

Answers

Answer:Qin Shihuangdi is the title of the first emperor of a unified China, who ruled from 221 to 210 BC.

Explanation:

What does “Qin Shihuangdi” mean?

Qin Shihuangdi = Q INS Hi Emperor

Look at the pyramid of the caste system. Which group is most likely to experience discrimination?

priests
warriors
merchants
servants

Answers

Looking at the pyramid of the caste system, this group which is most likely experience discrimination is Servants. The correct answer is option D.

The servants are the least important people in the caste system. The servants do not have their own lives, the owned by people in the higher level of the caste system.

What is Pyramid of Caste System.

Pyramid of Caste System is hierarchy of importance of people in the society. The social status of people is depicted by pyramid of caste system. The Priests occupy the topmost level, followed the warriors and then the merchants and lowest level of the system is occupied by the servants.

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How and why did the religious wars begin in France?

Answers

The religious wars in France began in the 16th century as a result of the growing tensions between the Catholic majority and the Protestant minority, known as Huguenots.

The origins of the conflict can be traced back to the Protestant Reformation, which began in Germany in the early 16th century and quickly spread throughout Europe. The Protestant Reformation challenged the authority of the Catholic Church and called for the reform of certain practices and beliefs.

In France, the spread of Protestantism was met with resistance from the Catholic monarchy, which saw it as a threat to their authority and the unity of the country. In 1534, King Francis I issued the Edict of Villers-Cotterêts, which made the French language the official language of the Church and the state, in an attempt to strengthen the unity of France. However, this led to a rise in anti-Protestant sentiment among the Catholic population.

In 1562, the first religious war broke out when the Huguenots, led by Gaspard de Coligny, demanded greater religious freedom and political representation. The war lasted for 36 years and resulted in the deaths of over 2 million people. The religious wars in France continued until the late 16th century, and the Edict of Nantes, issued by King Henry IV in 1598, granted the Huguenots certain rights and freedoms, effectively ending the wars.

In summary, the religious wars in France began as a result of the growing tensions between the Catholic majority and the Protestant minority in the 16th century. The conflict can be traced back to the Protestant Reformation and the resistance from the Catholic monarchy, which saw it as a threat to their authority and the unity of the country.

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use the term planter and tidewater to describe the plantation economy

Answers

In terms of the plantation economy, The term "planter" generally refers to a person who owns and operates a large agricultural estate, typically a plantation, where crops such as cotton, tobacco, or sugar are grown using enslaved labor.

The term "tidewater" is used to describe the coastal region of the southern United States, particularly the area around the Chesapeake Bay and the James, York, and Rappahannock Rivers.

What is the plantation economy?

Planters were typically wealthy individuals who held a significant amount of power and influence in the society of the southern United States during the 18th and 19th centuries.

The Tidewater region was also home to many of the largest and most profitable plantations in the American South, and was the heart of the antebellum plantation economy.

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John Hammond hired ?

Answers

On Wednesday, the Magic announced that John Hammond will be joining the organization as Jeff Weltman's right-hand man.

Who is John Hammond?

John Paul Hammond is an American vocalist and musician who was born on November 13, 1942, in New York City.

He is sometimes referred to as John Hammond Jr. because he is the son of record producer John H. Hammond.

John H. Hammond, a record producer, and talent scout, and his first wife, the actress Jemison McBride, are the parents of Hammond.

Through his paternal grandmother Emily Vanderbilt Sloane Hammond, he is a relative of Cornelius Vanderbilt, the founding member of the illustrious Vanderbilt family.

On Wednesday, the Magic revealed that Hammond, who had applied for the Orlando President of Basketball Operations position that ultimately went to Toronto Raptors executive Jeff Weltman, would be joining the team as Weltman's right-hand man.

Therefore, on Wednesday, the Magic announced that John Hammond will be joining the organization as Jeff Weltman's right-hand man.

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Question 14(Multiple Choice Worth 5 points)
(01.04 LC)How did early humans protect their limited food resources?

By planting crops on large plots of land in the settlement
By building permanent structures that could be used to store food
By developing new tools such as the plow
By harvesting crops in large groups of people
Question 15(Multiple Choice Worth 5 points)
(01.01 MC)Which of the following is an example of the effect of place on the people living in the place?

A family living in the desert uses mud bricks to build a home
A family living in the United States speaks Spanish at home
A family living in the mountains travels to the lake in the summer
A family living near a lake never goes fishing for trout
Question 16(Multiple Choice Worth 5 points)
(01.05 HC)Which of the following social classes held the lowest position in many ancient civilizations?

Farmer
Slave
Artisan
Merchant
Question 17(Multiple Choice Worth 5 points)
(01.03 MC)An example of the effect of geography on the lives of hunter-gatherers is found in which of the following?

Types of laws that governed their behavior
Types of training that young children received
Types of warfare between rival tribes
Types of plants and animals used for food
Question 18(Multiple Choice Worth 5 points)
(01.02 MC)How could historians help us understand why two groups of people are in conflict?

Historians could explain that the groups live in different areas.
Historians could explain that the groups had once been at war.
Historians could explain that the groups shared the same culture.
Historians could explain that the groups existed hundreds of years ago.

Answers

Answer:

d!!

Explanation:

not 100 % sure

HOW does the section "Another brick in the Great Wall" MOST contribute to the article? Newsela



A.It shows how technology grew and changed during the Han dynasty.

B.It shows one of the major achievements of the Han dynasty

C.It shows that the Han dynasty was very different from the dynasties before it.

D.It shows how the Great Wall of China was constructed





Answers

The section "Another brick in the Great Wall" most contribute to the article as it shows how the Great Wall of China was constructed.

What unique contribution did the Han dynasty make to the building of the Great Wall?

The Great Wall of the Han Dynasty in Dunhuang, Gansu. The Great Wall's latticework was constructed using branches and twigs, and sand and pebbles were used to fill the frames. The Great Wall was constructed with a beacon tower every 5 km (3.1 mi) that was manned by a garrison of troops.

What is the Great Wall of China's most important contribution?

By guarding trade routes like the Silk Road and securing communication and transportation in northern China, the Great Wall secured China's economic and cultural advancement. suggested excursions: Beijing Layover Tour for One Day.

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Which of the following was the college
organization which protested against
the war in Vietnam?

Answers

SDS

The antiwar movement began mostly on college campuses, as members of the leftist organization Students for a Democratic Society (SDS) began organizing “teach-ins” to express their opposition to the way in which it was being conducted.

Answer:

option A is your answer ....

On the eve of the revolution, France was deeply in debt because...
OA) of money spent on wars
OB) the 1st and 2nd Estates refused to pay taxes
OC) of the king and queen's lavish spending
OD) all of the above

Answers

The French Revolution was a period of radical political and societal change in France that began with the Estates.

What is the French Revolution?

The Estates General in 1789 marked the beginning of the French Revolution, which lasted until the establishment of the French Consulate in November 1799. During this time, France saw a significant political and social change.

The French Revolution, which began in 1789 and came to a conclusion with Napoleon Bonaparte's rise to power in the late 1790s, was a turning point in world history. French voters fundamentally changed their country's political landscape during this time, toppling centuries-old structures like the monarchy as well as the feudal system.

1789 marked the start of the French Revolution, which lasted until 1794. When he convened the Estates General, King Louis XVI needed to raise more money but was unable to do so. Instead, it evolved into a protest against the state of affairs in France.

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How does the media influence public opinion and policy? Choose three correct answers. by reporting celebrities’ decisions and actions by controlling what people see on social media by investigating issues that are important to the public by deciding which stories get the most attention by monitoring governments’ decisions and actions

Answers

Answer: I believe the answers are B, C, and E.

Explanation:

A: Just by reporting celebrities' decisions and actions, the media itself cannot influence public opinion and policy.

B: By controlling what people see on social media (insinuation of omitting information), the media can influence public opinion.

C: By investigating issues that are important to the public, the media can influence public opinion and possibly policy as well.

D: The media cannot decide which stories get the most attention. This is up to the people; the audience.

E: By monitoring governments' decisions and actions, this can influence both public

Write a letter from a child in the revolutionary era to a child present day

Answers

Boys who were 16 years old or older could enlist. Even younger boys were employed as messengers and musicians.

What was child in the revolutionary era  ?

Boys and girls helped the military by raising food, sewing uniforms, and caring for injured soldiers. Due to the fact that women were not permitted to enlist in the military, a few young ladies engaged in combat under false names.

At home: Children assume more responsibility at home when adults leave to fight in conflicts. Children had a variety of family responsibilities during the Revolutionary War, including farming, caring for younger siblings, sewing, and other domestic activities.

At school: Many kids in colonial America learnt to read and write at home or at a tiny school close to where they lived. Other than privileged families, kids stopped .

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Which of the following conditions in Japan caused the other three?

A) The sea is an important source of food for Japan

B) Japan is a mountainous archipelago

C) People live in high-rise apartments in modern Japanese cities.

D) Farmland is used efficiently in Japan

Answers

Japan is a mountainous archipelago is the cause of other 3 conditions. The appropriate response is option B.

Why Japan is mountainous?

Over 80% of Japan's land area is covered in mountains. The collision of the Asian continental crust and Pacific oceanic crust produced the majority of the mountains, including the Japan Alps. Like the recognizable Mt. Fuji, some of Japan's mountains are unmistakably volcanic.

Fish is still the island's main source of protein, which makes sense given that the island is surrounded by water and has many streams that are teeming with freshwater fish.

Even though only 20% of the island nation's land area is suitable for agriculture,  is intensively farmed, with fields and rice paddies taking up the majority of the surrounding areas. Crop production is the main focus of Japanese agriculture.

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What are the 14 principles of democracy ?

Answers

Answer:

Federalism

Judicial review

The rule of law

Limited government

Popular sovereignty

Separation of powers

Independent judiciary

Elected representative

Citizens in a democracy have not only rights but also the responsibility to participate in the political system.

Explanation:

Define sedition.
activities intended to weaken the government
O encourage or stir up
he state of not supporting or helping either side in a conflict,
make legally null and void; invalidate.

Answers

Option (a), Sedition is the use of words or actions to encourage rebellion against the ruling class or to undermine the democratic process.

What goal did the Sedition Act seek to achieve?

The Sedition Act made it against the law for Americans to "print, utter, or publish any untrue, scandalous, & malicious writing" about the government. The laws were directed at the Democratic-Republican party, which newcomers typically support.

The Sedition Act or both were correct, which was it?

The advocates of the Sedition Act were accurate that false information might permeate public opinion and pose a serious threat to the legitimacy of the government, despite the fact that their definition of what constituted lies at the time was later found to be erroneous. Because of this, the Sedition Act was an ineffective remedy.

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PART A: How does the following phrase contribute to
the development of the main arguments supporting
Warren's opinion: "Our decision, therefore, cannot
turn on
merely a comparison of these tangible factors
Negro and white schools involved in each of the
in the
cases" (Paragraph 16)?

Answers

The sentence that follows strengthens the primary arguments in favor of Warren's viewpoint by demonstrating that African Americans have made progress, regardless if or not school segregation are truly equal.

From whence did African Americans originate?

The majority of African Americans was descended from populations who lived in Central and West Africa, notably the Sahel, although they also come from other ethnic groups. Fewer African Americans today come from ethnic communities that once roamed Eastern & Southeastern Africa.

What does the term "African Americans" mean?

African-Americans are Black individuals of African descent who reside in the United States and are descended from African-born families. African-Americans currently make up 12% of the population. A gathering of African-American civic groups; the word "African-American"

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Do you think it was necessary for the White House to keep Wilson’s stroke a secret from the public? Why or why not?

Answers

It is a matter of debate whether or not it was necessary for the White House to keep President Woodrow Wilson's stroke a secret from the public. To me, my response is Yes.

Why is my response so?

On one hand, some argue that it was necessary for the White House to keep the stroke a secret in order to maintain stability and continuity of government. At the time, the country was in the midst of World War I, and revealing the President's condition could have caused panic and destabilized the country.


Furthermore, it would be understandable if the White House believed that Wilson would recover and be able to continue his duties as President.

On the other hand, some argue that it was not necessary for the White House to keep the stroke a secret, as it went against the principles of transparency and accountability in government. The public has a right to know the truth about the President's condition, especially if it could affect his ability to perform his duties as President.

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Because customs officers could
seize anything they wanted in the
colonies,
A. people agreed to share their goods in exhange
for silence from the customs agents
B. people did not feel secure in their own homes
C. people felt protected

Answers

C. People reported feeling safe. At the border, individuals could be stopped by customs officers who want to make sure they are allowed to enter the US.

What the officers of customs do?

By conducting searches of persons, cars, and luggage, customs officers help stop smuggling and the unlawful sale of alcohol and tobacco. Along doing this, you'll support efforts to stop the illegal trade in endangered birds and animals around the world.

What legal authority do customs officers have?

According to the Borders, Citizenship and Immigration Act of 2009, Border Force agents who are authorized as customs officials have broad entrance, search, seizure, and arrest powers.

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Describe the differences between the Anti-Federalists and the Federalists. What are some of the arguments used by each side in opposition or defense of the Constitution and a strong national government? Which side, anti-federalist or federalist, would you be on? Why? (Book, p. 88-90)

Book: By the People (Fifth Edition), by Morone, James; Kersh, Rogan.
(Copyright 2021, by Oxford University Press)

Answers

The Anti-Federalists and Federalists were two groups that had opposing views on the proposed United States Constitution in the late 1700s.

What are some of the arguments used by the two groups?

Anti-Federalists believed that the Constitution would give too much power to the national government and that it would be a threat to the rights of citizens and states. They believed in a more decentralized government with more power given to the states.

They were worried about the potential for tyranny and argued that the Constitution did not provide enough protection for individual rights and liberties. They also felt that the Constitution was too vague and that it did not give enough details about how the government would function.

On the other hand, Federalists believed that a strong national government was necessary for the survival and success of the new nation. They felt that the Constitution provided an appropriate balance of power between the national government and the states.

They argued that a strong central government would be better able to protect the nation's security and promote economic growth. They also believed that the Constitution provided sufficient protection for individual rights and liberties.

I would be on the side of anti-federalists because it will give room for competition and reference points among the component states and as such promotes development of the nation.

In conclusion, the Anti-Federalists and Federalists represented different views on the role of the national government in the new nation, with the Anti-Federalists advocating for a more decentralized government, and the Federalists advocating for a strong central government.

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How does the author develop the central idea over the course of the article.
Organized labor and the great upheaval commonlit

Answers

The central idea of text, as developed by the author was that the Great Upheaval was the largest mass strike of laborers across industries in the U.S. and it empowered laborers to advocate for their rights.

What was the relationship between the Great Upheaval and the organized Labor movement according to the text?

The Great Upheaval and organized labor are linked to the American economic boom of the nineteenth century. The work pay was low, and the workers were treated very unfairly.

As a result, the Great Upheaval began when a large number of railroad workers shut down factory operations and demanded that their 10% pay cut be restored. It was a massive standoff that required the president to dispatch Federal troops to quell the violence.

Although the Great Upheaval was eventually put down by force, some would argue that it was a success.

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