What is the expected value of a lottery

Assignment Help Econometrics

Reference no: EM131251128

1. Why must the probabilities of the possible outcomes of a lottery add up to 1?

2. What is the expected value of a lottery? What is the variance?

Reference no: EM131251128

Questions Cloud

How the person you represent in the global village : Use the Internet to find out how the person you represent in the global village might be affected by the global challenges associated with global security trends. In your post, describe how global security trends are related to the person you repr..

Assuming alison uses fair-value accounting : On January 1, 2014, Alison, Inc., paid $82,400 for a 40 percent interest in Holister Corporation’s common stock. This investee had assets with a book value of $244,000 and liabilities of $113,000. Assuming Alison uses the equity method, what balance ..

Identify and explain the major purposes of value chain : Identify and explain the major purposes of value chain using examples from your selected annual report/ annual review of one of top 100 manufacturing companies listed on ASX.

What is the expected value of a lottery : Why must the probabilities of the possible outcomes of a lottery add up to 1?

Current best hospitals report from the us news : Two paragraphs 2 references with citations. Locate the most current "Best Hospitals" report from the U.S. News & World Report.

Discuss the pros and the cons : Write a word paper discussing the relationship between criminological theory and statistical data. Focus on how statistical data can be used to support or refute criminological theory. Discuss the pros and the cons.

Flower use to report nondividend distributions : Tiny and Tim each own half of the 100 outstanding shares of Flower Corporation. This year, Flower reported taxable income of $6,000 and was subject to a 25 percent tax rate. What is Flower’s current E&P? What form would Flower use to report nondivide..

Evaluate the given statement : Evaluate the statement: - Z-spread is the spread over the Treasury spot curve that a bond would trade at if it had no embedded option.

User Account

All Pages