The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $) has the following discrete probability distribution : P(X) 0.95 20 0.049 100 0.001 Which of the following best describes the standard deviation of X ? Select one: O a. 2.843 in $ Ob. 5.332 in $ O c. 0.348 in $ O d. 3.815 in $

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $)
has the following discrete probability distribution :
P(X)
0.95
0.049
100
0.001
Which of the following best describes the standard deviation of X ?
Select one:
О а. 2.843 in $
O b. 5.332 in $
C. 0.348 in $
O d. 3.815 in $
20
Transcribed Image Text:The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $) has the following discrete probability distribution : P(X) 0.95 0.049 100 0.001 Which of the following best describes the standard deviation of X ? Select one: О а. 2.843 in $ O b. 5.332 in $ C. 0.348 in $ O d. 3.815 in $ 20
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