Mathematics, 23.04.2021 21:00 qveenvslayin
A sweepstakes posted the probabilities of winning each prize and the prize amounts as shown in the chart to the right. Suppose that one sweepstakes entry costs $1. Find the expected value of the winnings for any individual entry. Then state how much you can expect to win or lose if you spend $165 in entries. The expected value of the winnings for any individual entry is?
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A sweepstakes posted the probabilities of winning each prize and the prize amounts as shown in the c...
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