Mathematics, 14.02.2020 05:27 niicoleassssssf
A certain brand of trading cards is available in smaller packs that cost $2 each. Assume that any given pack has a 10% chance of containing a rare card, independently of other packs. Alice will buy and open a pack until she gets a rare card, but she will not buy more than five. Let M be the amount of money (in dollars) that Alice will spend. a. Find the distribution of the random variable (and provide it as a chart).b. Calculate the expected value of the random variable. Do not round values.
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A certain brand of trading cards is available in smaller packs that cost $2 each. Assume that any gi...
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