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The value of a ticket in a lottery, in which 2,000 tickets are sold, with 1 grand prize of $4,000, 10 first prizes of $250, 30 second prizes of $100, and 55 third prizes of $30. i. X P(x) 0 0.0000 30 0.0000 Round probabilities to 4 decimal places 100 0.0000 250 0.0000 4,000 0.0000

The value of a ticket in a lottery, in which 2,000 tickets are sold, with 1 grand prize of $4,000, 10 first prizes of $250, 30 second prizes of $100, and 55 third prizes of $30. i. X P(x) 0 0.0000 30 0.0000 Round probabilities to 4 decimal places 100 0.0000 250 0.0000 4,000 0.0000

MATLAB: An Introduction with Applications
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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Analyze the scenario and complete the following: i. Complete the discrete probability distribution for the given variable. ii. Calculate the expected value and variance of the discrete probability distribution. The value of a ticket in a lottery, in which 2,000 tickets are sold, with 1 grand prize of $4,000, 10 first prizes of $250, 30 second prizes of $100, and 55 third prizes of $30. i. X P(x) 0 0.0000 30 0.0000 Round probabilities to 4 decimal places 100 0.0000 250 0.0000 4,000 0.0000
Transcribed Image Text:Analyze the scenario and complete the following: i. Complete the discrete probability distribution for the given variable. ii. Calculate the expected value and variance of the discrete probability distribution. The value of a ticket in a lottery, in which 2,000 tickets are sold, with 1 grand prize of $4,000, 10 first prizes of $250, 30 second prizes of $100, and 55 third prizes of $30. i. X P(x) 0 0.0000 30 0.0000 Round probabilities to 4 decimal places 100 0.0000 250 0.0000 4,000 0.0000
ii. E (X) = $0.00 Round to 2 decimal places Var (X) = Round to 2 decimal places 0.00
Transcribed Image Text:ii. E (X) = $0.00 Round to 2 decimal places Var (X) = Round to 2 decimal places 0.00
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