Solve the Problem $\frac { 1 } { 72,639 }$ for People Who Play 664 Times, Find the Standard

question 159

Multiple Choice

Solve the problem.
-The probability of winning a certain lottery is $\frac { 1 } { 72,639 }$ . For people who play 664 times, find the standard deviation for the number of wins.

• A) 2.5
• B) 1.1
• C) 0.3
• D) 0.1

---

Definitions:

Cash Receipts

The total amount of cash collected by a business within a specific period, including revenues from sales, loan proceeds, interest income, and other sources.

Cash Payments

Cash payments refer to transactions where the payment for goods, services, or obligations is made using physical currency or through digital means equivalent to cash.

Bank Statement

A bank statement is a summary of all transactions in an account, provided by the bank to the account holder, usually on a monthly basis.

Adjusted Cash Balance

The cash amount reported in financial statements, adjusted for outstanding checks and deposits in transit, to reflect the actual available cash.