Analyze the scenario and complete the following: Complete the discrete probability distribution for the given variable. Calculate
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Analyze the scenario and complete the following:
- Complete the discrete probability distribution for the given variable.
- 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 $2,500, 10 first prizes of $250, 20 second prizes of $100, and 55 third prizes of $30.
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