During one holiday season, the Texas lottery played a game called the Stocking Stuffer. With this game, total instant winnings of $34.8 million were available in 70 million $1 tickets, with ticket prizes ranging from $1 to $1,000. Shown here are the various prizes and the probability of winning each prize. Use these data to compute the expected value of the game, the variance of the game, and the standard deviation of the game. Prize (x) Probability P(x) $1,000 .00002 100 .00063 20 .00400 812 10 .00601 4 .02403 2 .08877 1 10479 .77175 100
During one holiday season, the Texas lottery played a game called the Stocking Stuffer. With this game, total instant winnings of $34.8 million were available in 70 million $1 tickets, with ticket prizes ranging from $1 to $1,000. Shown here are the various prizes and the probability of winning each prize. Use these data to compute the expected value of the game, the variance of the game, and the standard deviation of the game. Prize (x) Probability P(x) $1,000 .00002 100 .00063 20 .00400 812 10 .00601 4 .02403 2 .08877 1 10479 .77175 100
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:During one holiday season, the Texas lottery played a game called the Stocking
Stuffer. With this game, total instant winnings of $34.8 million were available in
70 million $1 tickets, with ticket prizes ranging from $1 to $1,000. Shown here are the
various prizes and the probability of winning each prize. Use these data to compute
the expected value of the game, the variance of the game, and the standard deviation
of the game.
Prize (x)
Probability P(x)
$1,000
.00002
100
.00063
20
.00400
10
.00601
.02403
2
.08877
1
,10479
.77175
100
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