Use the fact that the mean of a geometric distribution is μ=1p and the variance is σ2=qp2.   A daily number lottery chooses three balls numbered 0 to 9. The probability of winning the lottery is 11000. Let x be the number of times you play the lottery before winning the first time. ​(a) Find the​ mean, variance, and standard deviation.​ (b) How many times would you expect to have to play the lottery before​ winning? It costs​ $1 to play and winners are paid ​$400. Would you expect to make or lose money playing this​ lottery? Explain.

MATLAB: An Introduction with Applications
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Use the fact that the mean of a geometric distribution is
μ=1p
and the variance is
σ2=qp2.
 
A daily number lottery chooses
three
balls numbered 0 to 9. The probability of winning the lottery is
11000.
Let x be the number of times you play the lottery before winning the first time.
​(a) Find the​ mean, variance, and standard deviation.​ (b) How many times would you expect to have to play the lottery before​ winning? It costs​ $1 to play and winners are paid
​$400.
Would you expect to make or lose money playing this​ lottery? Explain.
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