Determinet the mean and standard deviation of x how will

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n instant lottery ticket costs $2. Out of a total of 10,000 tickets printed for this lottery, 1000 tickets contain a prize of $5 each, 100 tickets have a prize of $10 each, 5 tickets have a prize of $1000 each, and 1 ticket has a prize of $5000. Let x be random variable that denotes the net amount a player wins by playing this lottery. Write the distribution of x. Determinet the mean and standard deviation of x. How will you interpret the values of the mean and standart deviation of x.

Reference no: EM13630499

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