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The Lottery Commission Has Designed a New Instant Lottery Game XP[X]00.95100.0491000.001\begin{array} { | c | c | } \hline X & P [ X ] \\\hline 0 & 0.95 \\\hline 10 & 0.049 \\\hline 100 & 0.001 \\\hline\end{array}

Question 15

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The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $) has the following discrete probability distribution : XP[X]00.95100.0491000.001\begin{array} { | c | c | } \hline X & P [ X ] \\\hline 0 & 0.95 \\\hline 10 & 0.049 \\\hline 100 & 0.001 \\\hline\end{array} Which of the following best describes the expected value of X ? AIn the long run, the average prize won per $1 played is $0BIn the long run, the average prize won per $1 played is $0.41C In the long tun, the average prize won per $1 played is $0.59.DNone of these choices are correct \begin{array}{|l|l|}\hline A&\text {In the long run, the average prize won per \( \$ 1 \) played is \( \$ 0 \). }\\\hline B&\text {In the long run, the average prize won per \( \$ 1 \) played is \( \$ 0.41 \). }\\\hline C&\text { In the long tun, the average prize won per \( \$ 1 \) played is \( \$ 0.59 \).}\\\hline D&\text {None of these choices are correct }\\\hline \end{array}

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