Is the following lottery, a fair game? If not, what is the fair entry fee? It costs $25 to play Superball lottery and grand prize for choosing the exact number is $20,000. A player can pick any number 000 to 999.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Problem 09:
Is the following lottery, a fair game? If not, what is the fair entry fee?
It costs $25 to play Superball lottery and grand prize for choosing the exact number is $20,000.
A player can pick any number 000 to 999.
Problem 10:
I
The points obtained by 10 students for a quiz were given below.
70, 85, 90, 56, 78, 98, 75, 80, 85,78
a) Find the mean of the data set.
b) What is the median of the data set?
c) Find the mode of the data set?
d) Write the five-number summary for the distribution.
Transcribed Image Text:Problem 09: Is the following lottery, a fair game? If not, what is the fair entry fee? It costs $25 to play Superball lottery and grand prize for choosing the exact number is $20,000. A player can pick any number 000 to 999. Problem 10: I The points obtained by 10 students for a quiz were given below. 70, 85, 90, 56, 78, 98, 75, 80, 85,78 a) Find the mean of the data set. b) What is the median of the data set? c) Find the mode of the data set? d) Write the five-number summary for the distribution.
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