The payouts for the Powerball lottery and their corresponding odds and probabilities of occurrence are shown below. The price of a ticket is $1.00.
Divisions | Payout | Odds | Probability | |||
Five plus Powerball | $ | 50,000,000 | 144,307,962 | .000000006930 | ||
Match 5 | 200,000 | 3,560,009 | .000000280898 | |||
Four plus Powerball | 10,000 | 583,892 | .000001712643 | |||
Match 4 | 180 | 13,535 | .000073877069 | |||
Three plus Powerball | 180 | 11,927 | .000083836351 | |||
Match 3 | 11 | 291 | .003424657534 | |||
Two plus Powerball | 11 | 745 | .001340482574 | |||
One plus Powerball | 4 | 127 | .007812500000 | |||
Zero plus Powerball | 3 | 69 | .014285714286 | |||
Find the mean and standard deviation of the payout without taking into account the price of the ticket. (Round your mean value to 5 decimal places and standard deviation to 3 decimal places.)
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