Question
IV) 100 tickets are sold in a lottery. There is one first prize of $200. There are 3 second prizes of $100. There are five
IV) 100 tickets are sold in a lottery. There is one first prize of $200. There are 3 second prizes of $100. There are five third prizes of $50. The other tickets win nothing.
Make up a probability distribution for the tickets
What is the expected value of a ticket
If you have 10 tickets, what is your expectation
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Probability And Statistics
Authors: Morris H. DeGroot, Mark J. Schervish
4th Edition
9579701075, 321500466, 978-0176861117, 176861114, 978-0134995472, 978-0321500465
