Question

A lottery contains 100 tickets. It costs exactly one dollar to play. (And you don’t get your dollar back if you win!) There are 10 prizes: five 1dollar prizes, three 5 dollar prizes and two 20 dollar prizes. Let X be the amount won in the lottery. The distribution table for X, the net amount of money won is written as:

Answer 1

X | -1 | 1 | 5 | 20
P(X) | 0.85 | 0.05 | 0.03 | 0.02