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For a certain lottery, a player must match a four digit nur er correctly, with repetition of digits allowed. For a bet of $100, the payoff is $5000. What is the expected value? X P(X) Expected value=__ D Do you want to play? E WIN $4900 B Please note that the random variable X represents the total win, meaning the $100 has been accounted for in the table. A= A/ AC= Answer 2 D= DON'T WIN A C A E-

For a certain lottery, a player must match a four digit nur er correctly, with repetition of digits allowed. For a bet of $100, the payoff is $5000. What is the expected value? X P(X) Expected value=__ D Do you want to play? E WIN $4900 B Please note that the random variable X represents the total win, meaning the $100 has been accounted for in the table. A= A/ AC= Answer 2 D= DON'T WIN A C A E-

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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For a certain lottery, a player must match a four digit nur er correctly, with repetition of digits allowed. For a bet of $100, the payoff is $5000. What is the expected value? X P(X) Expected value=__ D Do you want to play? E WIN $4900 B Please note that the random variable X represents the total win, meaning the $100 has been accounted for in the table. A= A B AC= Answer 2 D= DON'T WIN A C A E-
Transcribed Image Text:For a certain lottery, a player must match a four digit nur er correctly, with repetition of digits allowed. For a bet of $100, the payoff is $5000. What is the expected value? X P(X) Expected value=__ D Do you want to play? E WIN $4900 B Please note that the random variable X represents the total win, meaning the $100 has been accounted for in the table. A= A B AC= Answer 2 D= DON'T WIN A C A E-
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