The payoff (X) for a lottery game has the following probability distribution:$0$5t ofp(x) 0.80 0.2What is the expected value of the payoff?Select one:a. $ 2.5b. $ 0.5c. $0O d. $1Is page

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Description: The payoff (X) for a lottery game has the following probability distribution:$0$5t ofp(x) 0.80 0.2What is the expected value of the payoff?Select one:a. $ 2.5b. $ 0.5c. $0O d. $1Is page

The expected value can be calculated as: The given values are depicted as follows: Substitute the…

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The payoff (X) for a lottery game has the following probability distribution: $0 $5 p(x) 0.80 0.2 What is the expected value of the payoff?

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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