The Probability of Winning a Certain Lottery Is $\frac { 1 } { 64,481 }$

question 136

Multiple Choice

The probability of winning a certain lottery is $\frac { 1 } { 64,481 }$ . For people who play 669 times, find the standard deviation for the number of wins.

• A) 1.1
• B) 2.6
• C) 0.3
• D) 0.1

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Definitions:

Linear Demand

A type of demand where there is a constant relationship between the quantity demanded and price, represented by a straight line on a graph.

Price Inelastic

A situation in which the demand for a good does not change significantly in response to a change in price, indicating that consumers are less sensitive to price changes.

Linear

A term used to describe something that forms a straight line or a process that proceeds in steps of equal increments.

Downward-Sloping

A term often used to describe a curve or line on a graph that decreases from left to right, indicating a negative relationship between two variables.