A local church fundraiser raffle will have 3 prizes: 3rd prize is $10, 2nd prize is...

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A local church fundraiser raffle will have 3 prizes: 3rd prize is $10, 2nd prize is $40 and the grand prize is $250. The chances of winning are shown, where X is the prize value. $x 0 10 40 250 Prob(x) 4 5 3 25 3 50 1 50 Randomly select a raffle ticket. Calculate each part to 2 places. a. The mean of X $ b. The variance of X=s² c. The standard deviation of X = s A local church fundraiser raffle will have 3 prizes: 3rd prize is $10, 2nd prize is $40 and the grand prize is $250. The chances of winning are shown, where X is the prize value. $x 0 10 40 250 Prob(x) 4 5 3 25 3 50 1 50 Randomly select a raffle ticket. Calculate each part to 2 places. a. The mean of X $ b. The variance of X=s² c. The standard deviation of X = s

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To calculate the mean variance and standard deviation first need to use the probabilities and corre... View the full answer