Tag | Value |
---|---|
file | Probability_uva-elementary-probability-1165-en_uva-elementary-probability-1165-en |
name | uva-elementary-probability-1165-en |
section | Probability/Elementary Probability |
type | schoice |
solution | FALSE, TRUE, FALSE, FALSE |
Type | Conceptual |
Language | English |
Level | Statistical Literacy |
IRT-Difficulty | 2 |
p-value | 0.5905 |
A ticket in a lottery has an expected profit of €0.6014 with a standard deviation of €4.040. Suppose you get three different lottery tickets receive, what is your expected total profit and its standard deviation thereof?