QUESTION ONE
(a) Explain the following terms
(1) Random variable
(ii) Probability functio...
Mathematics, 15.02.2021 18:40 jaquisjones68
QUESTION ONE
(a) Explain the following terms
(1) Random variable
(ii) Probability function
(iii) Expected value and Variance
(b) One thousand tickets are sold at TZS 1000 each for four prizes of Tzs 100,000, TZS50,
000, TZS 25,000, and TZS 10,000. After each Prize drawing, the winning ticket is then
returned to the pool of the tickets. required expected value if a person purchase two tickets ​
Answers: 2
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