Solved: In a lottery there are 250 prizes of 5 50 prizes of 25 and, Basic Statistics

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In a lottery there are 250 prizes of 5 50 prizes of 25 and

Question: In a lottery, there are 250 prizes of $5, 50 prizes of $25, and ten prizes of $100. Assuming that 10,000 tickets are to be issued and sold, what is a fair price to charge to break even? Define the random variable and list its possible values ? Find the probability that at least four of the 25 patients actually have the flu.

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Basic Statistics: In a lottery there are 250 prizes of 5 50 prizes of 25 and

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