Multiple Choice
The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $) has the following discrete probability distribution : Which of the following best describes the expected value of X ?
A) In the long run, the average prize won per $1 played is $0.
B) In the long run, the average prize won per $1 played is $0.41.
C) In the long run, the average prize won per $1 played is $0.59.
D) None of these choices are correct
Correct Answer:

Verified
Correct Answer:
Verified
Q21: The lottery commission has designed a
Q22: The Binomial distribution and the Poisson distribution
Q23: Let X be a binomial random variable
Q24: A Bernoulli trial is where each trial
Q25: Let X and Y be two
Q27: Gender is an example of a continuous
Q28: The number of arrivals at a local
Q29: If X and Y are any
Q30: An advertising executive receives an average of
Q31: The number of accidents that occur annually