Mathematics, 20.01.2021 01:00 ninigilford
The distribution of an instant scratch lottery is shown below, where the discrete random variable X represents the prize in euros of one ticket: 0 2 20 400 4000 P(X = 1) 0.7745 0.2 0.02 0.005 0.0005 If the cost of a single ticket is 5 EUR what amount would you expect to gain or lose on average when buying one ticket? Give your answer as a number with its corresponding sign. For example if you expect a gain of 2 EUR give your answer as +2. but if you expect a loss of 2 EUR then give your answer as –2. Answer
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The distribution of an instant scratch lottery is shown below, where the discrete random variable X...
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