Emails us- Call US

Assignment help 208

A lottery is to be conducted in which 10,000 tickets are to be sold for $1 each. Six winning tickets are to be randomly selected: one grand prize winner of $5000, one second prize winner of $2000, one third prize winner of $1000 and three other winners of $500 each.

Q16. Let X represent the net winnings of a person who purchases one ticket in the lottery. Obtain the probability distribution of X and compute P(X=-1) a) 0.0003 b) 0.0001 c) 1.00 d) 0.9994

Q17. Compute the expected net winnings from buying a ticket in the lottery. a) 0.05 b) 1.05 c) -0.05 d) -1.05


15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.