The expected loss is $1.83. Step-by-step explanation: The average value for each ticket is calculated as... ($100 + 5($20)) / 1200 = $200 / 1200 ≈ $0.1667 ≈ $0.17. Since purchasing a ticket costs $2.00, your anticipated value becomes... -$2.00 + 0.17 = -$1.83, leading to a loss of $1.83.
Answer:
A), B), and C) are clarified below.
Step-by-step explanation:
The inquiry involves using binary digits, employing probabilities that are equal for both conditions, by applying a random test pattern, where the formula is derived from p = q.
Simplifying gives us
P[k] = nCk / 2^n
A. Probability of all bits being 1s
16c16/2^16 = 1/65536
B. Probability of all bits being 0s
16c0/2^16 = 1/65536
C. The probability of having exactly 8 bits as 1s and the other 8 as 0s
16c8/2^16 = 12870/65536 => 0.1963 ≈ 19.63%
