Final answer:
To find the mean and standard deviation of T, multiply the mean and variance of X by 10. The mean of T is 1.2 and the standard deviation is approximately 3.8.
Step-by-step explanation:
To find the mean and standard deviation of T, we need to calculate the expected value and variance of T. Since each successful toss earns 10 tickets, the random variable T is equal to 10 times the number of successful tosses X. Thus, T = 10X.
The mean of T, denoted as μT, is given by μT = 10μX. Since the mean of X is 0.12, the mean of T is 10(0.12) = 1.2.
The variance of T, denoted as σT2, is given by σT2 = (102)σX2. Since the standard deviation of X is 0.38, the variance of T is (102)(0.382) = 14.44. Taking the square root of the variance gives the standard deviation of T, which is approximately 3.8.