Assume you play the lottery for two days. Each day you have 1000 numbers to draw from where you win if you picked the same number that is drawn that day. For example, you pick 321, and it's drawn, yay, you win! X, $winnings per day $0 P(X) 999/1000 E(x) = $0(999/1000) + $500(1/1000) = $0.50 Var(x) = $500 1/1000 Std Dev = = sqrt(Variance) = a.) But what if we play two days, then what is E(winning for both days)?
Assume you play the lottery for two days. Each day you have 1000 numbers to draw from where you win if you picked the same number that is drawn that day. For example, you pick 321, and it's drawn, yay, you win! X, $winnings per day $0 P(X) 999/1000 E(x) = $0(999/1000) + $500(1/1000) = $0.50 Var(x) = $500 1/1000 Std Dev = = sqrt(Variance) = a.) But what if we play two days, then what is E(winning for both days)?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Assume you play the lottery for two days.
Each day you have 1000 numbers to draw from where you win if you picked the same number that is
drawn that day. For example, you pick 321, and it's drawn, yay, you win!
X, $winnings per day
$0
P(X)
999/1000
E(x) = $0(999/1000) + $500(1/1000) = $0.50
Var(x) =
$500
1/1000
Std Dev = = sqrt(Variance) =
a.) But what if we play two days, then what is E(winning for both days)?
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