A bin contains six marbles: 1 Red, 2 Blue and 3 Green. Two…
A bin contains six marbles: 1 Red, 2 Blue and 3 Green. Two marbles are randomly selected without replacement. Examine the tree diagram and answer the following questions. a. What is the probability both marbles are blue? [a] Answer as a fraction in lowest terms. b. What is the probability that the second marble chosen is red? [b] Answer as a fraction in lowest terms. c. What is the probability that both marbles are the same color? [c] Answer as a fraction in lowest terms. d. If the first marble chosen is green, what is the probability that the second marble chosen will be green? [d] Answer as a fraction in lowest terms. e. What is the probability of choosing at least 1 blue marble? [e] Answer as a fraction in lowest terms.
Read DetailsSuppose 4 quarters, 6 dimes, 7 nickels, and 4 pennies are…
Suppose 4 quarters, 6 dimes, 7 nickels, and 4 pennies are in a box. One coin is selected at random. What is the expected value of the money drawn from the box? HINT: Use 25 to represent a quarter (not 0.25). Do the same for the other coins. [A] ¢ Round to the nearest tenth of a cent
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EXTRA CREDIT 4 POINTS You purchase a raffle ticket to help out a charity. The raffle ticket costs $7. The charity is selling 3000 tickets. One of them will be drawn and the person holding the ticket will be given $4000. a. Compute the expected value for this raffle. NO WORK = NO POINTS b. Explain WHY this is or is not Fair game based upon your work from part a.
Read DetailsHow much money will there be in an account at the end of 4 y…
How much money will there be in an account at the end of 4 years if $8000 is deposited at 6.7% simple interest? (Assume no withdrawals are made.) Complete the following: a. Write the formula that you intend to use on your paper. b. Fill the numbers as needed from the question. c. Type your answer. Round to the nearest cent.
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