IV) 100 tickets are sold in a lottery. There is one first prize of $200. There are

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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

Related Book For answer-question

Probability and Statistics

ISBN: 978-0321500465

4th edition

Authors: Morris H. DeGroot, Mark J. Schervish

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Posted Date: Nov 05, 2020 12:53 PM

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IV) 100 tickets are sold in a lottery. There is one first prize of $200. There are

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Probability and Statistics

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