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Statistics help please
- Thread starter kimdun
- Start date
D
Deleted member 4993
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A lottery offers one $100 prize, one $50 prize, and eight $10 prizes. One thousand tickets are sold at $3 each. Find the expectation if a person buts two tickets. Assume that each ticket can win more than one prize.
Assume that each ticket can win more than one prize. - Please explain the rules of this lottery in more detail. All the lotteries I know of - can win only one prize per draw.
In addition:
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We can help - we only help after you have shown your work - or ask a specific question (not a statement like "Don't know any of these")
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This is just a question that was given and it wants me to find the expectation value if a person buys two ticketsAssume that each ticket can win more than one prize. - Please explain the rules of this lottery in more detail. All the lotteries I know of - can win only one prize per draw.
In addition:
Please read the post titled "Read before Posting".
We can help - we only help after you have shown your work - or ask a specific question (not a statement like "Don't know any of these")
Please share your work with us indicating exactly where you are stuck - so that we may know where to begin to help you.