Statistics and SENIOR

HIGH
Probability SCHOOL

SLM
Mean and Variance of Discrete
Random Variable 6
Quarter 1
Statistics and Probability
Quarter 1 – Self Learning Module 6: Mean and Variance of Discrete Random Variable
First Edition, 2020

Republic Act 8293, section 176 states that: No copyright shall subsist in any work
of the Government of the Philippines. However, prior approval of the government agency or
office wherein the work is created shall be necessary for exploitation of such work for profit.
Such agency or office may, among other things, impose as a condition the payment of
royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names,
trademarks, etc.) included in this module are owned by their respective copyright holders.
Every effort has been exerted to locate and seek permission to use these materials from
their respective copyright owners. The publisher and authors do not represent nor claim
ownership over them.

Published by the Department of Education Division of Pasig City

Development Team of the Module

Writer: Maria Geralyn Pale-Federigan
Editors: Nenet M. Peñaranda
Reviewers: Christopher E. Cruz, Ma. Lourdes D. Espino
Illustrator: Name
Layout Artist: Name
Management Team: Ma. Evalou Concepcion A. Agustin
OIC-Schools Division Superintendent
Aurelio G. Alfonso, Ed. D.
OIC-Assistant Schools Division Superintendent
Victor M. Javeña, Ed. D.
Chief - School Governance and Operations Division
OIC – Chief Curriculum Implementation Division
Education Program Supervisors
1. Librada L. Agon, Ed. D., EPP/TLE
2. Liza A. Alvarez, Science
3. Bernard R. Balitao, Araling Panlipunan
4. Joselito E. Calios, English
5. Norlyn D. Conde, Ed. D., MAPEH
6. Wilma Q. Del Rosario, LRMS
7. Ma. Teresita E. Herrera, Ed. D., Filipino
8. Perlita M. Ignacio, Ph. D., ESP/SPED
9. Dulce O. Santos, Ed. D., Kinder/MTB
10. Teresita P. Tagulao, Ed. D., Mathematics

Printed in the Philippines by ________________________

Department of Education –NCR, Division of Pasig City
Office Address: Caruncho Avenue, San Nicolas, Pasig City
Telefax: 641-88-85/ 628-28-19
E-mail Address: [email protected]
Statistics and SENIOR
HIGH

Probability SCHOOL

SLM

6
Quarter 1

Mean and Variance of

Discrete Random Variable
Introductory Message

For the facilitator:

Welcome to the Statistics and Probability for Senior High School Self Learning
Module on Mean and Variance of Discrete random Variable!

This module was collaboratively designed, developed and reviewed by educators

from Schools Division Office of Pasig City headed by its Officer-In-Charge Schools
Division Superintendent, Ma. Evalou Concepcion A. Agustin in partnership with
the Local Government of Pasig through its mayor, Honorable Victor Ma. Regis N.
Sotto.
The writers utilized the standards set by the K to 12 Curriculum using the Most
Essential Learning Competencies (MELC) while overcoming their personal, social,
and economic constraints in schooling.

This learning material hopes to engage the learners into guided and independent
learning activities at their own pace and time. Further, this also aims to help
learners acquire the needed 21st century skills especially the 5 Cs namely:
Communication, Collaboration, Creativity, Critical Thinking and Character while
taking into consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the body of
the module:

Notes to the Teacher

This contains helpful tips or strategies
that will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this module.
You also need to keep track of the learners' progress while allowing them to
manage their own learning. Moreover, you are expected to encourage and assist the
learners as they do the tasks included in the module.
For the learner:

Welcome to the Statistics and Probability Self Learning Module on Mean and
Variance of Discrete random Variable!

The hand is one of the most symbolized part of the human body. It is often used to
depict skill, action and purpose. Through our hands we may learn, create and
accomplish. Hence, the hand in this learning resource signifies that you as a
learner is capable and empowered to successfully achieve the relevant
competencies and skills at your own pace and time. Your academic success lies in
your own hands!

This module was designed to provide you with fun and meaningful opportunities
for guided and independent learning at your own pace and time. You will be
enabled to process the contents of the learning material while being an active
learner.

This module has the following parts and corresponding icons:

Expectation - These are what you will be able to know after completing the
lessons in the module

Pre-test - This will measure your prior knowledge and the concepts to be
mastered throughout the lesson.

Recap - This section will measure what learnings and skills that you
understand from the previous lesson.

Lesson- This section will discuss the topic for this module.

Activities - This is a set of activities you will perform.

Wrap Up- This section summarizes the concepts and applications of the
lessons.

Valuing-this part will check the integration of values in the learning

competency.

Post-test - This will measure how much you have learned from the entire
module. Ito po ang parts ng module
 EXPECTATIONS

Lesson 6: Mean and Variance of Discrete Random Variable

Learning Objectives:

At the end of the lesson, learners are expected to:

At the end of the lesson, learners are expected to solve
problems involving mean and variance of probability distribution.

PRETEST

Direction: Read and answer the given problem. Show your complete
solutions.

A discrete random variable can only take two values, 1 and 2. If P(1) = 0.80
and P(2) = 0.20, what is the expected value of X? Find the variance and
standard deviation.

X - Random Variable 1 2
Probability P(X) 0.80 0.20

RECAP

In the last lesson you have learned how to interpret mean and variance of a
discrete random variable.

Mean is a measure of central tendency (measure of location) than balances

the distribution, it is also known as the Expected Value or the expected
average outcome over many observations.
 Variance and Standard Deviation are measures of variability or measures
of spread. These two measures will tell us if the data in a given set are close
to each other and to the mean.

LESSON

In this lesson we will apply what we have discussed in the past modules in
the real world. We will solve problems involving discrete random variables
and find their mean and variance. These measures are common measures
that we are not aware that we encounter them every day. Let’s have the
following examples.

Example 1

Mommy Joyce is an online shop that sells cooked sisig. Joyce, the owner,
keeps a record of the number of tubs of sisig she sells. Below is her record of
her 10-day sales. Find the mean number of tubs of sisig sold in 10 days. If
she claims that the least number of tubs of sisig sold in a day in her online
shop is 24, is this a credible claim? Determine the variance and standard
deviation, interpret the results.
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Day 8 Day 9 Day 10
25 22 20 28 22 20 25 25 28 22

To find the mean,

Step 1. Construct the probability distribution.

X – Number of tubs of sisig

sold per day P(X)
20 2/10
22 3/10
25 3/10
28 2/10

Step 2. Multiply the value of the random variable to its corresponding

probability.

X – Number of tubs of
sisig sold per day P(X) X • P(X)
20 2/10 40/10
 22 3/10 66/10
25 3/10 75/10
28 2/10 56/10
Step 3. Find the summation of the products of the values of the random
variable and the probabilities.

40 66 75 56 237
∑[𝑋 • 𝑃(𝑋)] = ( )+( )+( )+( )= = 𝟐𝟑. 𝟕
10 10 10 10 10

The mean number of tubs of sisig sold is 23.7 tubs or at least 24 tubs is
sold in a day for 20 days. The claim of Mommy Joyce online shop is true and
credible based on the 10-day sales.

To find the variance and standard deviation, first we have to find the
mean, which we already computed, 23.7.
Step 2. Square each value of the random variable.

X – Number of
tubs of sisig sold P(X) X • P(X) X2
per day
20 2/10 40/10 400
22 3/10 66/10 484
25 3/10 75/10 625
28 2/10 56/10 784

Step 3. Multiply the squared value of the random variable to its

corresponding probability then get the summation of the products.

X – Number of
tubs of sisig P(X) X • P(X) X2 X2 • P(X)
sold per day
20 2/10 40/10 400 800/10
22 3/10 66/10 484 1452/10
25 3/10 75/10 625 1875/10
28 2/10 56/10 784 1568/10

𝟖𝟎𝟎 𝟏𝟒𝟓𝟐 𝟏𝟖𝟕𝟓 𝟏𝟓𝟔𝟖 𝟓𝟔𝟗𝟓

∑[𝑿𝟐 • 𝑷(𝑿)] = ( )+( )+( )+( )= = 𝟓𝟔𝟗. 𝟓
𝟏𝟎 𝟏𝟎 𝟏𝟎 𝟏𝟎 𝟏𝟎

Step 4. Apply the formula in finding the variance:

𝝈𝟐 = ∑[𝑿𝟐 • 𝑷(𝑿)] − 𝝁𝟐
 𝝈𝟐 = 569.5 − (23.7)2
𝝈𝟐 = 569.5 − 561.69
𝝈𝟐 = 𝟕. 𝟖𝟏

Step 5. Find the standard deviation by getting the square root of the
variance.
𝝈 = √∑[𝑿𝟐 • 𝑷(𝑿)] − 𝝁𝟐
𝝈 = √7.81
𝝈 = 2.794
𝝈 = 𝟐. 𝟕𝟗
The variance is 7.81 and the standard deviation is 2.79. The variance
indicates that the number of tubs sold in 20 days slightly vary every day or
the data are a little spread out. The average difference of the daily sales from
the mean is 2.79.

Example 2
The school council of a certain senior high school organized a concert to
raise funds for their future projects. They invested Php 8,000 and expect to
sell tickets worth Php 15,000. However, if it rains on the day of the concert,
they will not be able to sell any tickets and they will lose their investment.
According to the weather forecast, there is a 20% chance that it will rain on
the day of the concert. Find the expected gain of the school council. Is this a
good fund-raising project?

To find the expected value or mean,

Step 1. Construct the probability distribution based on the given.

Gain Loss
Outcomes 7000 -8000
Probability 0.80 0.20

Based on the problem, the student council invested 8000 pesos and they
expect to sell 15000 pesos worth of tickets, their profit or gain will be 7000
and if it rains on the day of the concert, they will lose the amount they
invested which is 8000 pesos. The probability that it will rain and they will
lose 8000 is 20% or 0.20 and the probability that it will not rain and they
will earn 7000 is 1 − 0.20 = 0.80. The summation of the probability should be
equal to 1.

Step 2. Multiply the value of the random variable to its corresponding

probability.
 Gain Loss
Outcomes 7000 -8000
Probability 0.80 0.20
Product (7000)(0.80) (-8000)(0.20)
5600 -1600

Step 3. Find the summation of the products of the values of the random
variable and the probabilities.

∑[(𝑂𝑢𝑡𝑐𝑜𝑚𝑒) • (𝑃𝑟𝑜𝑏𝑎𝑏𝑖𝑙𝑖𝑡𝑦)] = (5600) + (−1600) = 𝟒𝟎𝟎𝟎

The school council is expected to gain Php 4000 from the ticket sales, the
concert is a good fund-raising project since the expected value or gain is
positive.

Example 3

A certain company manufactures batteries. One out of 50 batteries are

defective but the company does not know which ones are defective until they
received complaints from the buyers. The company makes a profit of Php 3
for a sale of a working battery but loss Php 80 for every defective battery.
Find the expected value. Will the company make a profit in the long run?

To find the expected value or mean,

Step 1. Construct the probability distribution based on the given.

Gain Loss
Outcomes 3 - 80
Probability 49/50 1/50

From the problem the outcomes are, the company will gain 3 pesos for every
working battery but they will lose 80 pesos for every defective battery. The
probability that they will lose 80 pesos is one out of 50 or 1/50 and the
1 49
probability that they will earn 3 pesos is 1 − 50 = 50. Sum of all probabilities
should be equal to 1.

Step 2. Multiply the value of the random variable to its corresponding

probability.

Gain Loss
Outcomes 3 - 80
 Probability 49/50 1/50
Product (3)(49/50) (-80)(1/50)
2.94 - 0.16

Step 3. Find the summation of the products of the values of the random
variable and the probabilities.

∑[(𝑂𝑢𝑡𝑐𝑜𝑚𝑒) • (𝑃𝑟𝑜𝑏𝑎𝑏𝑖𝑙𝑖𝑡𝑦)] = (2.94) + (− 0.16) = 𝟐. 𝟕𝟖

The company is expected to gain Php 2.78 from each battery. Yes, they will
make a profit in the long run.

Example 4

The Math Society of a certain Senior High School organized a raffle where
the prize is the latest edition of a certain brand of calculator. The raffle aims
to raise funds for their club. They were able to sell 1000 tickets that cost 5
pesos each. If they spent 3500 for the prize, what will be the expected gain
of a student who will buy one ticket?

First let us construct the probability distribution based on the given.

Win Lose
Outcomes 3495 -5
Probability 1/1000 999/1000

Each ticket cost 5 pesos, if you only have one ticket then if you will win the
calculator which cost 3500 pesos that means you only won 3495 pesos
because you paid 5 pesos for the ticket. The probability that you will win is
only one out of 1000 (1000 is the total number of tickets sold), while the
1
probability that you will lose is 1 − 1000 = 999/1000. Sum of all probabilities
should be 1.

Step 2. Multiply the outcomes to its corresponding probability.

Gain Loss
Outcomes 3495 -5
Probability 1/1000 999/1000
Product (3495)(1/1000) (-5)(999/1000)
3.495 - 4.995
Step 3. Get the summation of the product.

∑[(𝑋) • 𝑃(𝑋)] = (3.495) + (−4.995) = −𝟏. 𝟓

The student is expected to lose 1.5 for every ticket he/she will buy.

Remember for each ticket you buy, you either lose 5 pesos or win a
calculator. The 1.5 pesos is the average expected loss for every ticket you
buy after buying more tickets.

Example 5

Mr. Santos plans to open a food business and found the statistics below for
the similar restaurant.

Probabilities Profit in a Year

20% - 2,500,000
30% 0
40% 2,500,000
10% 7,500,000

If Mr. Santos will use the data above, what would be his expected profit in a
year? If you are Mr. Santos are you going to continue putting up the food
business? Find the variance and standard deviation, interpret the results.

To find the mean, construct the probability distribution. The probability

distribution is already given above, so we proceed to step 2.

Step 2. Multiply the outcomes to its corresponding probability.

Probabilities Profit in a Year Product

20% - 2500000 - 500000
30% 0 0
40% 2500000 1000000
10% 7500000 750000

Step 3. Get the summation of the product.

∑[(𝑋) • 𝑃(𝑋)] = (−500000) + (0) + (1000000) + (750000) = 𝟏𝟐𝟓𝟎𝟎𝟎𝟎

Mr. Santos is expected to gain Php 1,250,000 in a year if he will use the
same statistics.
If I, were Mr. Santos, yes I will continue putting up the restaurant business
because based on the Statistics above I’ am expected to earn an average of
Php 1,250,00 in a year.

To find the variance and standard deviation, first we find the mean which
we already have Php 1,250,000.

Step 2. Square each value of the random variable or the outcomes.

Probabilities Profit in a Year Product Square of

the
outcomes
20% - 2500000 - 500000 6.25 x 1012
30% 0 0 0
40% 2500000 1000000 6.25 x 1012
10% 7500000 750000 5.625 x 1013

Step 3. Multiply the squared value of the random variable to its

corresponding probability then get the summation of the products.

Profit in Product of
Probabilities a Year/ Product Square of the squared
Outcome outcomes outcome and
probability
20% - 2500000 - 500000 6.25 x 1012 1.25 x 1012
30% 0 0 0 0
40% 2500000 1000000 6.25 x 1012 2.5 x 1012
10% 7500000 750000 5.625 x 1013 5.625 x 1012

∑[𝑿𝟐 • 𝑷(𝑿) = (𝟏𝟐𝟓𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎) + (𝟎) + (𝟐𝟓𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎) + (𝟓𝟔𝟐𝟓𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎)

= 𝟗. 𝟑𝟕𝟓 𝒙 𝟏𝟎𝟏𝟐 = 𝟗𝟑𝟕𝟓𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎

Step 4. Apply the formula in finding the variance:

𝝈𝟐 = ∑[𝑿𝟐 • 𝑷(𝑿)] − 𝝁𝟐
𝝈𝟐 = 9375000000000 − (1250000)2
𝝈𝟐 = 9375000000000 − 1562500000000
𝝈𝟐 = 𝟕𝟖𝟏𝟐𝟓𝟎𝟎𝟎𝟎𝟎𝟎𝟎𝟎

Step 5. Find the standard deviation by getting the square root of the
variance.
 𝝈 = √∑[𝑿𝟐 • 𝑷(𝑿)] − 𝝁𝟐
𝝈 = √7812500000000
𝝈 = 2795094.972
𝝈 = 𝟐𝟕𝟗𝟓𝟎𝟗𝟒. 𝟗𝟕

The variance is 7812500000000 and the standard deviation is

2795094.97.
The variance and standard deviation are too large which indicates that the
outcomes are disperse or far from each other. Yes, you are expected to make
a profit of Php 1,250,000 in a year, but the average deviation is Php
2,795,094.97 which is a very wide deviation.

ACTIVITIES

ACTIVITY 1: PRACTICE
Direction: Read and answer the given problems below. Show your
complete solutions.

1. A college statistics class has 20 students. The ages of these students are
as follows: One student is 16 years old, four are 18, nine are 19, three are
20, two are 21, and one is 30. Let x be the age of any student (randomly
selected). Find the mean age of the students and determine the variance and
standard deviation. Interpret the results.

2. Given below is the histogram of the probability distribution of playing in a

game where X is a random variable that represents the possible outcomes of
the game. Find the expected gain if the game will be played over and over
again.
 Histogram
0.6

Probability of X
0.5
0.4

P(X)
0.3
0.2
0.1
0
-200 0 200 400
Values of X

ACTIVITY 2: Keep Practicing

Directions: Answer the problem below. Show your complete solution.

In a certain Lottery Draw the prize was Php 10,000,000. If you bought 1
ticket that cost Php 20 and there were 1000,000 tickets sold, what is your
expected gain from buying one ticket? Will the organizers of the Lottery
make a profit from the draw? Explain your answer.

WRAP – UP

In this lesson we solved real life problems which involves discrete random
variables and find their mean and variance. We also interpret the results
from finding the mean and variance.

REMEMBER:

Mean of a discrete random variable is also known as the Expected Value

or the expected average outcome over many observations.
 Variance and Standard Deviation are measures of variability or measures
of spread. The variance and standard deviation will tell us if the data in a
given set are close to each other and to the mean.

VALUING

Our discussion about Mean and Variance challenged us to be mindful of

our decisions in life: choosing which of the two projects at hand is more
viable, knowing the chance of winning in a lottery, analyzing the gains and
looses in putting up a business, and interpreting gathered data correctly.

The COVID-19 virus has changed all our lives in just one flick of a finger,
but we should all take this virus as a challenge. To abide by the health
protocol set by DOH, we must repeatedly do washing of hands at an average
of about 20 seconds every wash time every 30 minutes. Likewise, observing
a one-meter physical distance is also required. The battle cry of DepED now
is to continue educating our learners despite the pandemic crisis. Hence,
this distance learning. We should not let this virus hinder your goal to learn
and achieve your dreams. We, your teachers, are all willing to help you
achieve your dreams. You just have to do your part and that is even without
a teacher physically guiding you, you are expected to study on your own,
make right decisions, and be honest at all times.

POSTTEST

Direction: Read and answer the given problem. Show your complete
solutions.

1. A financial analyst was asked to assess the viability of two projects.

According to the estimate, Project A shows a probability of 0.40 to achieve a
value of 2 million pesos and a probability of 0.60 to achieve a value 500,000
pesos. Project B shows a probability of 0.30 to achieve a value 3 million
 Activity 1
1.
X – Age of
the P(X) X • P(X) X2 X2 • P(X)
students
16 1/20 16/20 256 256/20
18 4/20 72/20 324 1296/20
19 9/20 171/20 361 3249/20
20 3/20 60/20 400 1200/20
21 2/20 42/20 441 882/20
30 1/20 30/20 900 900/20
16 72 171 60 42 30 391
∑[𝑋 • 𝑃(𝑋)] = ( )+( )+( )+( )+( )+ ( )= = 𝟏𝟗. 𝟓𝟓
20 20 20 20 20 20 20
𝟐𝟓𝟔 𝟏𝟐𝟗𝟔 𝟑𝟐𝟒𝟗 𝟏𝟐𝟎𝟎 𝟖𝟖𝟐 𝟗𝟎𝟎 𝟕𝟕𝟖𝟑
𝟐𝟎 𝟐𝟎 𝟐𝟎 𝟐𝟎 𝟐𝟎 𝟐𝟎 𝟐𝟎
∑[𝑿𝟐 • 𝑷(𝑿)] = + + + +( )+( )= = 𝟑𝟖𝟗. 𝟏𝟓
The mean/average age of the students in the class is 19.55. The variance

𝝁 = 𝟏𝟗. 𝟓𝟓 (mean) 𝝈𝟐 = 𝟔. 𝟗𝟓 (variance) and 𝝈 = 𝟐. 𝟔𝟒 (standard deviation)

is 6.95 and the standard deviation is 2.64. The variance indicates that
the age of the students in the class have an average squared deviation of
6.95 and that the average difference of the students age from the mean
age is 2.64.
KEY TO CORRECTION
gain of each of those who bought one ticket?
car when bought from a car shop is 1 million pesos, what is the expected
Three thousand tickets were made and all were sold out. If the price of the
2. A brand new car was up for a raffle where tickets are sold for Php 500.
Note: Viability means to work successfully.
project is more viable?
pesos and a probability of 0.70 to be valued at 200,000. Which of the two
The expected value in playing the gambling game is -20 which is the
expected loss or the average loss if the gambling game will be played
repeatedly or many times.
Activity 2
Gain Loss
Outcomes 9,999,980 -20
Probability 1/1000000 999999/1000000
(9999980)(1/1000000) (-20)(999999/1000000)
Product 9.99998 - 19.99998
∑[𝑋 • 𝑃(𝑋)] = (9.99998) + (−19.99998) = − 𝟏𝟎
The expected value from buying 1 ticket out of 1000000 tickets is -10,
this means that if you will keep on buying tickets your average loss is 10
pesos.
The Lotto organizers will profit from the draw, cause for every ticket they
Pre-Test
X P(X) X • P(X) X2 X2 • P(X)
1 0.80 0.80 1 0.8
2 0.20 0.40 4 0.8
∑[ 𝑿 • 𝑷(𝑿)] = 𝟎. 𝟖𝟎 + 𝟎. 𝟒𝟎 = 𝟏. 𝟐 (mean)
∑[ 𝑿𝟐 • 𝑷(𝑿)] = 𝟎. 𝟖𝟎 + 𝟎. 𝟖𝟎 = 𝟏. 𝟔
𝝈𝟐 = 𝟎. 𝟏𝟔 (variance) and 𝝈 = 𝟎. 𝟒 (standard deviation)
 𝟐 𝟒 𝟔
𝟒 𝟒 𝟒
∑[ 𝑿𝟐 • 𝑷(𝑿)] = (𝟎) + + = = 𝟏. 𝟓
The expected number of YES response in a randomly selected household
𝝈𝟐 = 𝟎. 𝟓𝟎 (variance) and 𝝈 = 𝟎. 𝟕𝟏 (standard deviation)
is 1. The variance is 0.50 and the standard deviation is 0.71. The
variance is close to zero, it indicates that the values of the random
variable are less dispersed and that the average deviation of the values of
X from the mean is approximately 0.71.
2.
Project A
Gain Loss
Outcomes 2,000,000 500,000
Probability 0.40 0.60
(2000000)(0.40) (-500000)(0.60)
Product 800000 300000
The expected value of Project A is Php 1,100,000, while the expected
value of Project B is Php 1,040,00. The expected value of Project A is
greater than the expected value of Project B, therefore Project A will be
more viable than project B.
3.
Gain Loss
Outcomes 999,500 - 500
Probability 1/3000 2999/3000
(999500)(1/3000) (-500)(2999/3000)
Product 999500/3000 -1499500/3000
𝟗𝟗𝟗𝟓𝟎𝟎 𝟏𝟒𝟗𝟗𝟓𝟎𝟎 𝟓𝟎𝟎𝟎𝟎𝟎
∑[(𝑶𝒖𝒕𝒄𝒐𝒎𝒆𝒔) • (𝑷𝒓𝒐𝒃𝒂𝒃𝒊𝒍𝒊𝒕𝒚)] = ( ) + (− )= −
𝟑𝟎𝟎𝟎 𝟑𝟎𝟎𝟎 𝟑𝟎𝟎𝟎
= −𝟏𝟔𝟔. 𝟔𝟕
The expected gain of those who bought 1 ticket is approximately -166.67,
𝜇 = −𝟏𝟔𝟔. 𝟔𝟕 (mean)
that means that on an average those who bought 1 ticket lose 166.67
pesos.
 R E F E R E N CE S

R. R. Belecina, E. S. Baccay, E. B. Mateo, Statistics and Probability Rex

Book Store, First Edition, Rex Book Store