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

Mairoon

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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

Microeconomics

Edition: 6^th

Author: Perloff

Read 108 times

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TecShdw

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Mairoon Author

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5 years ago

Thanks. This is just start. Wink Face

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