Solve the Problem. -The Probability of Winning a Certain Lottery Is 1/56,728. for Is

question 75

Multiple Choice

Solve the problem.
-The probability of winning a certain lottery is 1/56,728. For people who play 517 times, find the standard deviation for the number of wins.

• A)0.0955
• B)0.1046
• C)0.0091
• D)2.1706

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Definitions:

Online Ordering

The method of purchasing goods or services via the internet.

Omni-channel Strategy

A multi-channel approach to sales that seeks to provide customers with a seamless shopping experience, whether they are shopping online from a mobile device, a laptop, or in a brick-and-mortar store.

Go To Market Strategy

A plan that outlines how a company will introduce its products or services to the market effectively.

Labor-intensive Industries

Sectors or businesses that require a large amount of labor to produce goods or services, as opposed to being heavily automated or equipment-oriented.