Minutes of sale before a particular draw


At a certain retailer, purchases of lottery tickets in the nal 10 minutes of sale before a draw follow a Poisson distribution with = 15 if the top prize is less than $10,000,000 and follow a Poisson distribution with = 10 if the top prize is at least $10,000,000. Lottery records indicate that the top prize is $10,000,000 or more in 30% of draws.

a) Let Y be the number of tickets sold in the nal 10 minutes before a lottery draw. Give the probability mass function for Y .

b) Find the mean and variance of Y .

c) If fewer than 10 tickets are sold in the nal 10 minutes of sale before a particular draw, what is the probability that the top prize in that draw is $10,000,000 or more?

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Basic Statistics: Minutes of sale before a particular draw
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