The Lottery Commission Has Designed a New Instant Lottery Game $$\begin{array} { | c | c | } \hline X & P [ X ] \\\hline 0 & 0.95 \\\hline 10 & 0.049 \\\hline 100 & 0.001 \\\hline\end{array}$$

question 52

Short Answer

The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $) has the following discrete probability distribution : $$\begin{array} { | c | c | } \hline X & P [ X ] \\\hline 0 & 0.95 \\\hline 10 & 0.049 \\\hline 100 & 0.001 \\\hline\end{array}$$ Which of the following best describes the standard deviation of X ? $\begin{array}{|l|l|}\hline A&14.552 \text { in } \$^{2}\\\hline B&3.815 \text { in } \$ \\\hline C&0.348 \text { in } \$ \\\hline D&\text {None of these choices are correct }\\\hline \end{array}$

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Definitions:

Promisor

The party in a contract who makes a promise to perform an obligation to the promisee.

Noncompete Provision

A clause in a contract that prohibits an individual from entering into or starting a similar profession or trade in competition against another party, usually the employer, for a certain period of time.

Pharmacy

A facility or establishment where prescription drugs are prepared and dispensed by licensed professionals, as well as where various healthcare advice may be provided.

Covenants

Legally enforceable promises contained in a contract or agreement.