Answer:
(a) For a single play of Instant Lotto, the anticipated value of the prize amounts to $3.50.
(b) The likelihood that a visitor secures a prize at least two times during the 20 free plays is 0.2641.
(c) The chance of a randomly chosen day having 1000 or more players of Instant Lotto is 0.2579.
Step-by-step explanation:
(a)
The probability distribution for the monetary awards in Instant Lotto is defined as follows:
X P (X = x)
$10 0.05
$15 0.04
$30 0.03
$50 0.01
$1000 0.001
$0 0.869
___________
Total = 1.000
The expected value for one Instant Lotto play can be computed as follows:

Consequently, the expected prize value for a single Instant Lotto play is $3.50.
(b)
Define X as the count of prizes a visitor wins.
A visitor receives n = 20 complimentary plays of Instant Lotto.
The probability of winning in any of the 20 games is p = 1/20 = 0.05.
The outcomes in the 20 plays are independent of one another.
The variable X adheres to a Binomial distribution characterized by parameters n = 20 and p = 0.05.
To find the probability that the visitor wins a prize at least twice in these 20 plays, perform the following calculation:
P (X ≥ 2) = 1 - P (X < 2)
= 1 - P (X = 0) - P (X = 1)
![=1-[{20\choose 0}0.05^{0}(1-0.05)^{20-0}]-[{20\choose 1}0.05^{1}(1-0.05)^{20-1}]\\=1-0.3585-0.3774\\=0.2641](https://tex.z-dn.net/?f=%3D1-%5B%7B20%5Cchoose%200%7D0.05%5E%7B0%7D%281-0.05%29%5E%7B20-0%7D%5D-%5B%7B20%5Cchoose%201%7D0.05%5E%7B1%7D%281-0.05%29%5E%7B20-1%7D%5D%5C%5C%3D1-0.3585-0.3774%5C%5C%3D0.2641)
The resulting probability that the visitor wins a prize at least twice during the 20 plays is 0.2641.
(c)
Let X denote the number of individuals playing Instant Lotto each day.
The variable X is assumed to be normally distributed with a mean value of μ = 800 players and a standard deviation of σ = 310 players.
To ascertain the probability that on a random day, at least 1000 people participate in Instant Lotto, consider the following:
Implementing continuity correction:
P (X ≥ 1000) = P (X > 1000 + 0.50)
= P (X > 1000.50)


The probability of having at least 1000 players on any random day is 0.2579.