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PLEASE SHOW ALL WORK Question 1. You're playing Keno. In Keno there are 80 balls, 20 of which are drawn as winners, which leaves 60

PLEASE SHOW ALL WORK

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Question 1. You're playing Keno. In Keno there are 80 balls, 20 of which are drawn as "winners," which leaves 60 as "losers." Thus, the probability of having k winning balls is: (* ) (10-k) The following table depicts the possible payoffs for a $1 bet placed on 10 numbers. What is E(X) where X is the amount of money you won? What is V(X)? Number of Winners out of 10 | Payoff Probability 2); given u = 1 and o2 = 0.5

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