A lottery game pays $500 with .001 probability and $0 otherwise. The variance of the payout is

Mairoon

wrote...

Go to Answer

Posts: 850

Rep:

6 years ago

A lottery game pays $500 with .001 probability and $0 otherwise. The variance of the payout is

A lottery game pays $500 with .001 probability and $0 otherwise. The variance of the payout is
A) 15.8.
B) 249.50.
C) 249.75.
D) 499.

Textbook

Microeconomics

Edition: 6^th

Author: Perloff

Read 109 times

2 Replies

Report

Replies

Answer verified by a subject expert

TecShdw

wrote...

Posts: 432

Rep:

6 years ago

More solutions for this book are available here

Report

Related Topics

Mairoon Author

wrote...

5 years ago

Thanks. This is just start. Wink Face

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1206 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

1175

323

140

Your Opinion

Previous poll results: Does a gender wage gap exist in America?

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.