An officer of the state lottery commission sampled lottery ticket purchasers over a 1-week period at one

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An officer of the state lottery commission sampled lottery ticket purchasers over a 1-week period at one location. The amounts distributed back to the purchasers and the associated probabilities for 5000 tickets are as follows:


An officer of the state lottery commission sampled lottery ticke


(a) Plot the cumulative distribution of winnings.
(b) Calculate the expected value of the distribution of dollars per ticket.
(c) If tickets cost $2, what is the expected long-term income to the state per ticket, based upon thissample?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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