Statistics Assignment | Professional Writing Services |

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Statistics Assignment | Professional Writing Services |

One state lottery has 1,100 prizes of $1; 145 prizes of $10; 20 prizes of $75; 5 prizes of $285; 2 prizes of $1,080; and 1 prize of $2,300. Assume that 24,000 lottery tickets are issued and sold for $1.
1) What is the lottery’s standard deviation of profit per ticket?

One state lottery has 1,000 prizes of $1; 135 prizes of $10; 25 prizes of $50; 5 prizes of $375; 2 prizes of $1,060; and 1 prize of $2,300. Assume that 38,000 lottery tickets are issued and sold for $1.
2) What is the lottery’s expected profit per ticket?
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Statistics Assignment | Professional Writing Services |

 

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Statistics Assignment | Professional Writing Services |

One state lottery has 1,100 prizes of $1; 145 prizes of $10; 20 prizes of $75; 5 prizes of $285; 2 prizes of $1,080; and 1 prize of $2,300. Assume that 24,000 lottery tickets are issued and sold for $1.
1) What is the lottery’s standard deviation of profit per ticket?

One state lottery has 1,000 prizes of $1; 135 prizes of $10; 25 prizes of $50; 5 prizes of $375; 2 prizes of $1,060; and 1 prize of $2,300. Assume that 38,000 lottery tickets are issued and sold for $1.
2) What is the lottery’s expected profit per ticket?
Get Statistics homework help today
 
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Related

Statistics Assignment | Professional Writing Services |