Let’s take X to be the random variable where X =
and
tickets are sold in a lottery each for Re
. First prize is of Rs
and the second prize is of Rs.
. There are three third prizes of Rs.
each. If you buy one ticket, what is your expectation.
tickets are sold in a lottery each for Re
. First prize is of Rs
and the second prize is of Rs.
. There are three third prizes of Rs.
each. If you buy one ticket, what is your expectation.
Let’s take X to be the random variable where X =
and