Select Page

Your Perfect Assignment is Just a Click Away

Starting at \$8.00 per Page

100% Original, Plagiarism Free, Customized to Your instructions!

## Assessment: Random Variables and Expected Value

1. Two \$20 bills, three \$10 bills, four \$5 bills, and six \$1 bills are placed in a bag. If a bill is chosen at random, what is the expected value for the amount chosen?

2. In a game you flip a coin twice and record the number of heads that occur. You get 20 points for 2 heads, 5 points for 1 head, and 5 points for no heads. What is the expected value for the number of points youll win per turn?

3. Consider a box with gift cards inside. The gift cards amounts are as follows: 10 gift cards with the amount of \$5 each, 7 gift cards with \$10 each, and 5 gift cards with \$25 each. Find the expected value for drawing a gift card from the box.

4.  Wheel of Fortune just got a new wheel! On it, there are 12 slots worth \$200, 8 slots worth \$400, 5 slots worth \$600, 6 slots with no money, 1 slot with \$5000, and 1 slot with a car worth \$25000.

a. What are the expected winnings on one turn (cash and prizes)?

b. If you get 12 spins, what are your expected winnings?

5. In a game, you roll a die. If you get a 1, you would win \$50. If you roll a 2or 4, you win \$30, and if you roll a 3, 5, or 6 you lose \$25. What is the expected value of one roll of the die?

"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."

## Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.