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You are reviewing a state lottery and find that the state provides data per 100 lottery tickets. Per every 100 random tickets, there are: 25
You are reviewing a state lottery and find that the state provides data per 100 lottery tickets. Per every 100 random tickets, there are: 25 tickets that each win $1 10 tickets that each win $2 6 tickets that each win $5 3 tickets that each win $100 and the rest of the tickets win nothing What is the variance of the winnings from this lottery? As always for this course, do not round until you have your answer. Round your answer to 2 decimal places and do not use a unit
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