In a lottery game a player chooses four digits (digits can repeat, for instance 0, 2,...

70.2K

Verified Solution

Question

Statistics

In a lottery game a player chooses four digits (digits canrepeat, for instance 0, 2, 0, 2 is a valid choice) and bet $1 thatall four of them will arise in the four digit number drawn from thelottery. It isn’t necessary that the order will be the same: if aplayer selects 2, 6, 7, 8 the selection of 8, 2, 7, 6 means he won.Player gets $200 if he wins.

1. What is the probability of winning?

2. What is the probability mass function of X, the net earningsin one game?

3. What are the mean and standard deviation of net earnings?

Answer & Explanation Solved by verified expert
4.2 Ratings (773 Votes)
DEAR STUDENTIF YOU HAVE    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students