Question 11:- The probability of a person winning a lottery for Rs. 1 lakhs is 0.002 and he pays Rs. 300 to buy a ticket. The expected profit for the company is Rupees a) 100000 b) 300 C) 100 d) 500 Question 12:- For a Binomial distribution if number of trials is 5 and probability of success is 0.5, then the probability of getting all success is equal to a) 0.5 b) 0.25 () 0.025 d) 0.031 Question 13:- For a Binomial distribution if the number of trials is 20 and the probability of success is 0.2 then the expected value is equal to a) 0.2 b) 2 C) 4 d) 3.2 Question 14:- For a Binomial distribution if the number of trials is 20 and the probability of success is 0.2 then the variance is equal to a) 0.2 b) 2 c) 4 d) 3.2