Percent probability of winning, Basic Statistics

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Percent probability of winning

Alice is given 100 free raffle tickets. Each and every ticket has 10 percent probability of winning $1.

What is Alice expected winning?

What is the standard deviation of Alice's winnings?

If the winning amount is $2 instead of $1, what is Alice's expected winning and standard deviation?

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Basic Statistics: Percent probability of winning

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Basic Statistics: Percent probability of winning

Reference No:- TGS0871301

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Moisture barrier in a biological application depends

Q : Provide the probability distribution

Q : Times the number of dots rolled on the red die

Q : Condition of any particular goblet

Q : Percent probability of winning

Q : Leading brand of dishwasher detergent

Q : Sample mean and the population mean

Q : Mean sale per customer

Q : Three different manners

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Percent probability of winning

Reference No:- TGS0871301

Recent Questions Asked Basic Statistics

Q : Moisture barrier in a biological application depends

Q : Provide the probability distribution

Q : Times the number of dots rolled on the red die

Q : Condition of any particular goblet

Q : Percent probability of winning

Q : Leading brand of dishwasher detergent

Q : Sample mean and the population mean

Q : Mean sale per customer

Q : Three different manners

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