Answer:
a). The mean = 1000
The variance = 999,000
The standard deviation = 999.4999
b). 1000 times , loss
Step-by-step explanation:
The mean of geometric distribution is given as , 
And the variance is given by, 
Given : 
= 0.001
The formulae of mean and variance are :



a). Mean = 
=
= 1000
Variance = 
= 
= 999,000
The standard deviation is determined by the root of the variance.

=
= 999.4999
b). We expect to have play lottery 1000 times to win, because the mean in part (a) is 1000.
When we win the profit is 500 - 1 = 499
When we lose, the profit is -1
Expected value of the mean μ is the summation of a product of each of the possibility x with the probability P(x).

= $ 0.50
Since the answer is negative, we are expected to make a loss.
Answer:
O 30, 36, 42
Step-by-step explanation:
6 = 1 × 6, 12 = 2 × 6, 18 = 3 × 6, 24 = 4 × 6, ? = 5 × 6 = <u>30</u>, ? = 6 × 6 = <u>36</u>, ? = 7 × 6 = <u>42</u>
The "mean" is the "average" you're used to, where you add up all the numbers and then divide by the number of numbers.