subject
Mathematics, 29.10.2019 00:31 Stevencriollo6330

A$1 bet in a state lottery pick 3 game pays $500 if the 3-digit number you choose exactly matches the winning number, which is drawn at random. here's the distribution of the payoff x:

payoff x $0 $500
probability 0.999 0.001

each day's drawing is independent of other drawings.

a) what's the mean and the standard deviation of x?
b)joe buys a pick 3 ticket twice a week. what does the law of large numbers say about the average payoff joe receives from his bets?
c) what does the central limit theorem say about the distribution of joe's average payoff after 104 bets in a year?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
If you roll two fair dice (one black die and one white die), in how many ways can you obtain a 4 on at least one die?
Answers: 1
question
Mathematics, 21.06.2019 18:30
Find the area of the regular hexagon if a side is 20 cm.
Answers: 2
question
Mathematics, 21.06.2019 18:40
Does the point (1, sqrt 7) lie on circle shown.
Answers: 1
question
Mathematics, 21.06.2019 21:00
Which of the following is the best first step in solving the equation below? 4+2㏒³x=17
Answers: 1
You know the right answer?
A$1 bet in a state lottery pick 3 game pays $500 if the 3-digit number you choose exactly matches th...
Questions
Questions on the website: 13722362