Random variables, probability distributions and expected value A community festival organizes a fundraiser for their local park. They sold 25,000 tickets at $20 each. The grand prize is $5,000. There are two prizes valued at $2,000, three prizes valued at $1,000, five prizes of $500, and ten prizes of $100. What is the expected value of this raffle? Round to the nearest cent. Do not round until the final calculation.

-19.38

Step-by-step explanation:

E(x)=4,980*1/25000+1,980*2/25,000+980*3/25,000+480*5/25,000+80*10/25,000-20*24,979/25,000

E(x)=0.1992+0.1584+0.1176+0.096+0.032-19.9832

E(x)= -19.38

the total estimated nappy use.=10,500,000

step-by-step explanation:

given that on an average the average baby uses 3528 napkins.

in a particular year 2014, the number of births were 299697 in new south wales.

rounding off the number of births to the nearest hundred thousand we have

no of birtsh = 300000

also rounding off the average usage to nearst thousand we get

average use of a baby = 3500

hence total number of nappy estimated to be used = 3500x300000

= 10,500,000

answer is 10,500,000 nappies