Find the standard deviation for the net gain

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Reference no: EM131416241

Find the standard deviation for the net gain in the California Decco lottery game in given Example.

Example
California Decco Lottery Game Decco is one of the many games played in the California lottery over the years. In this game, a player chooses four cards, one each from the four suits in a regular deck of playing cards. For example, the player might choose "4 of hearts," "3 of clubs," "10 of diamonds," and "jack of spades."

The state draws a winning card from each suit. When one or more of the player's choices matches the winning cards drawn, the player wins a prize, the prize amount depending on the number of matches.

Reference no: EM131416241

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