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Use the fact that the mean of a geometric distribution is u and the variance is o A daily number lottery chooses three balls numbered 0 to 9. The probability of winning the lottery is noo Let x be the number of times you play the lottery before winning the first time. lose money playing this lottery? Explain (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 $900. Would you expect to make (a) The mean is (Type an integer or a decimal The variance is (Type an integer or a decimal.) The standard deviation is (Round to one decimal place as needed.) (b) You can expect to play the game times before winning. Would you expect to make or loso money playing this lottery? Explain. O A. You would expect to lose money On average you would win $900 once in every timos you play. So the net gain would be $ O B. You would expect to make money On average you would win $900 once in every times you play So the net gain would be $

Use the fact that the mean of a geometric distribution is u and the variance is o A daily number lottery chooses three balls numbered 0 to 9. The probability of winning the lottery is noo Let x be the number of times you play the lottery before winning the first time. lose money playing this lottery? Explain (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 $900. Would you expect to make (a) The mean is (Type an integer or a decimal The variance is (Type an integer or a decimal.) The standard deviation is (Round to one decimal place as needed.) (b) You can expect to play the game times before winning. Would you expect to make or loso money playing this lottery? Explain. O A. You would expect to lose money On average you would win $900 once in every timos you play. So the net gain would be $ O B. You would expect to make money On average you would win $900 once in every times you play So the net gain would be $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 22PFA
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Use the fact that the mean of a geometric distribution is u = b. and the variance is o 1 Let x be the number of times you play the lottery before winning the first time. A daily number lottery chooses three balls numbered 0 to 9. The probability of winning the lottery is 1000 (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 $900. Would you expect to make or lose money playing this lottery? Explain. (a) The mean is (Type an integer or a decimal.) The variance is (Type an integer or a decimal.) The standard deviation is (Round to one decimal place as needed.) (b) You can expect to play the game times before winning. Would you expect to make or lose money playing this lottery? Explain. O A. You would expect to lose money. On average you would win $900 once in every times you play. So the net gain would be $ O B. You would expect to make money. On average you would win $900 once in every times you play. So the net gain would be $ Next 12:24 PM E 47°F Cloudy 12/20/2021 O Type here to search SUS delete prt sc sysra pause break num 18 19 10 f11 F12 EGO backspace 080 9- 01 7. enter (8) DI
Transcribed Image Text:Use the fact that the mean of a geometric distribution is u = b. and the variance is o 1 Let x be the number of times you play the lottery before winning the first time. A daily number lottery chooses three balls numbered 0 to 9. The probability of winning the lottery is 1000 (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 $900. Would you expect to make or lose money playing this lottery? Explain. (a) The mean is (Type an integer or a decimal.) The variance is (Type an integer or a decimal.) The standard deviation is (Round to one decimal place as needed.) (b) You can expect to play the game times before winning. Would you expect to make or lose money playing this lottery? Explain. O A. You would expect to lose money. On average you would win $900 once in every times you play. So the net gain would be $ O B. You would expect to make money. On average you would win $900 once in every times you play. So the net gain would be $ Next 12:24 PM E 47°F Cloudy 12/20/2021 O Type here to search SUS delete prt sc sysra pause break num 18 19 10 f11 F12 EGO backspace 080 9- 01 7. enter (8) DI
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