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zbuild007 zbuild007
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3 months ago
Use the following to answer the questions below:

The New York Lottery has a daily game called "Take Five" where you win prizes based on how many of the 5 selected numbers match your ticket. The probability function for the typical payout on a ticket (X) is displayed in the provided table.

x$0$1$25.66$508.02$57,575.70
p(x)0.8860260.1039330.0097440.0002950.000002
Correct Picks:0 or 12345
Round all answers to two decimal places.


Compute the variance of the typical payout of a "Take Five" ticket.
Textbook 
Statistics: Unlocking the Power of Data

Statistics: Unlocking the Power of Data


Edition: 3rd
Authors:
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tulipfiascotulipfiasco
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zbuild007 Author
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