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An instant lottery ticket costs $2 Out of a total of 10,000 tickets printed for this lottery, 500 tickets contain a prize of $5 each, 75 tickets have a prize of $10 each, 6 tickets have a prize of $1000 each, and 1 ticket has a prize of $5000 Let x be the random variable that denotes the net amount a player wins by playing this lottery.
Write the probability distribution of x.
Enter the exact answers. Enter your answers for x in increasing order.
x p (x)
Determine the mean and standard deviation of x Round your answers to two decimal places.
On average, the players who play this game are expected ; gain, lose gain lose $ Enter you answer; Mean per ticket with a standard deviation of $
Enter you answer; Standard deviation
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Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
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Estimate the population mean
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
Find out the probability
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