Youtor
Problem 5127 Expected value and playing the lottery Statistics HW Help
YOUR LINK HERE:
http://youtube.com/watch?v=kuNlqJFGDR8
In this video, we solve problem 5.1.27 from Essentials of Statistics, 6th edition, by Triola. • In it, we're told the necessary bet to play a certain lottery and our winnings. We're asked to determine the number of ways that we can select a winning number, the probability of winning, the net profit after winning, and the expected value in playing the game. 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