Question: Thanks in advance. Chapter 05, Section 5.3, Problem 024 An instant lottery ticket costs $2. Out of a total of 10,000 tickets printed for this

Thanks in advance.

Thanks in advance. Chapter 05, Section 5.3, Problem 024 An instant lottery

Chapter 05, Section 5.3, Problem 024 An instant lottery ticket costs $2. Out of a total of 10,000 tickets printed for this lottery, 1000 tickets contain a prize of $5 each, 125 tickets have a prize of $10 each, 6 tickets have a prize of $1000 each, and 1 ticket has a prize of $5000. Let x be the random variable that denotes the net amount a player wins by playing this lottery. Write the probability distribution of x. Enter the exact answers. Enter your answers forx in increasing order. x P (x) Determine the mean and standard deviation of x. Round your answers to two decimal places. On average, the players who play this game are expected to J $ 7 7 7 , per ticket with a standard deviation of $

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