Calculating the expected value of a lottery ticket, we found the expected gain per ticket to be

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Calculating the expected value of a lottery ticket,” we found the expected gain per ticket to be -$$2.10.$ What is the standard deviation? What does it say about your chances in the lottery? Comment.

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Business Statistics

ISBN: 9780136726548

4th Canadian Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman, David Wright

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Question Posted: Sep 19, 2024 05:01 PM

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Calculating the expected value of a lottery ticket, we found the expected gain per ticket to be -$$2.10.$ What is the standard deviation? What does it say about your chances in the lottery? Comment.
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Calculating the expected value of a lottery ticket, we found the expected gain per ticket to be

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so s 215319 1238 Thats a lot of v...View the full answer

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