Tag | Value |
---|---|
file | Probability_uva-general-rules-1175-en_uva-general-rules-1175-en |
name | uva-general-rules-1175-en |
section | Probability/Elementary Probability/General Rules |
type | schoice |
solution | FALSE, FALSE, FALSE, TRUE |
Type | Conceptual |
Language | English |
Level | Statistical Literacy |
IRT-Difficulty | 1.176 |
p-value | 0.8819 |
You buy 15 lottery tickets for €1 each. With each lottery ticket you have a chance of 0.06 to win €10. If you take into account the cost of the lottery tickets, what is your expected profit?