2. A lottery will be conducted for the benefits of those affected by typhoon Bolly, in San Miguel Island of Tabaco City. One thousand tickets will be sold. One ticket will win Php 5, 000 and the other tickets will win nothing. If you buy one ticket, what will be your expected gain and variance? Interpret the results.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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0.40
0.10
rump
2. A lottery will be conducted for the benefits of those affected by typhoon Bolly, in San Miguel Island of
Tabaco City. One thousand tickets will be sold. One ticket will win Php 5, 000 and the other tickets will win
nothing. If you buy one ticket, what will be your expected gain and variance? Interpret the results.
Transcribed Image Text:Practice Exercise The 0.40 0.10 rump 2. A lottery will be conducted for the benefits of those affected by typhoon Bolly, in San Miguel Island of Tabaco City. One thousand tickets will be sold. One ticket will win Php 5, 000 and the other tickets will win nothing. If you buy one ticket, what will be your expected gain and variance? Interpret the results.
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