Question: The payouts for the Powerball lottery and their corresponding odds and probabilities of occurrence are shown below. The price of a ticket is $1.00. Find

The payouts for the Powerball lottery and their corresponding odds and probabilities of occurrence are shown below. The price of a ticket is $1.00. Find the mean and standard deviation of the payout.

Divisions Five plus Powerball Four plus Powerball Three plus Powerball Two plus Powerball Zero plus Powerball $50,000,000 200,000 10,000 146,107,962 3,563,609 0.000001711060 0.000070145903 0.000083836351 0.003424657534 0.001340482574 0.007812500000 0.014285714286 2 100

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