.00 PERFORMANCE TASK 5. Direction. Use the formula you have leamed to solve the following real life problems involving mean and variance of a discrete random variable. use of calculator would be a help. Two thousand tickets are sold for P20.00 each. One ticket will win P10,000.00, ONO tickets will win P5,000.00 each and three tickets will win P1,000.00 each. Let X denotes the net gain from the purchase of a randomly selected ticket a. Construct the probability distribution of X b. Find the probability of winning any amount in the purchase of one ticket. c. Find the expected value of X, then interpret. 2. A roulette wheel in a fiesta carnival has the numbers 1 through 30. If you bet P5.00 you will have a chance to win a prepaid load worth P100.00. Find the expectation if you play a bet 3. A lotto works by picking 6 numbers from 1- 42 (Combinations of numbers from 1-42 taken 6 at a time produce 5,245,786 number combinations). A ticket costs P24.00 to play the lottery. If you win today, you would win 5 million pesos after taxes. If you play the lottery today, what would be your expected winnings or losses? 4. An insurance company will sell a P500,000.00 one-year term legs insurance policy for ramp models for a premium of P500.00. Find the expected value to the company of a single policy if a model has a 99.96% chance of being uninjured in one year? a
Answers
Importence of reading news paper Daly
To
Ramesh
5 NRI ROAD
KOl 700015
Dear Ramesh
I am fine hope you will be
Same. I glad to inform you
importants of reading newspaper
Daly. It ptovides grenal knowledge and information. It is the good habit to read news paper daly. We con carry the news of the world very easly .
Rest when we Wii be meet love to your sister and brother
Your Sincerely
Eclaty Pandey
Date: 30.1.22 23/3/2 RNC
Road kol 700015