# Discrete Probabilty Distributions for Lottery Payouts

The payouts of the lottery and their corresponding odds and probabilities of occurrence are shown below. The price of a ticket is $1.00. Find the mean and standard deviation. Hint: don't forget to include the cost of the ticket and its corresponding probability.

Divisions Payout Odds Probability

Five Plus $50,000,000.00 146,107,962. 0.000000006844

Match 5 $200,000.00 3,563,609. 0.000000280614

Four Plus $10,000.00 584,432. 0.000001711060

Match 4 $100.00 14,255. 0.0000701445903

Three Plus $100.00 11,927. 0.000083836351

Match 3 $7.00 291 0.003424657534

Two Plus $7.00 745 0.001340482574

One Plus $4.00 127 0.007812500000

Zero Plus $3.00 69 0.014285714286

https://brainmass.com/statistics/probability/discrete-probabilty-distributions-lottery-payouts-351206

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The payouts of the lottery and their corresponding odds and probabilities of occurrence are shown below. The price of a ticket is $1.00. Find the mean and standard deviation. Hint: don't forget to include the cost of the ticket and its corresponding probability.

Divisions Payout Odds Probability

Five Plus $50,000,000.00 146,107,962. 0.000000006844

Match 5 $200,000.00 3,563,609. 0.000000280614

Four ...

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