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I need help trying to figure probability.?
Suppose a game has four outcomes, A, B, C, and D. The probability of outcome A is 0.4, the probabilities of each of the other outcomes is 0.2. A player receives $2 if outcome A occurs, $3 if outcome B occurs, $1 if outcome C occurs and must pay $5 if outcome D occurs. What is the mean value of one trial of this game?
2 AnswersHomework Help9 years agoneed help with a math question?
A local marketing research company wishes to find out the percentage of shoppers in a town who would buy a larger size of laundry detergent if it were available. They believe the percentage of shoppers who would buy the larger size to be about 65%. The company wishes the standard deviation of the sampling distribution for the percent in their survey who say yes to be about 2.5%. How many shoppers should they survey?
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