lottery offers one $900 prize, two $700 prize, two $400 prize and five $200 prize. One thousand tickets are sold at $5. Find the expectation if a person buys two tickets

1 answer

each ticket has an expectation of

(900+2*700+2*400+5*200)/1000 = $4.10
Similar Questions
    1. answers icon 1 answer
    1. answers icon 4 answers
  1. What prize was awarded to Bernardo Albero Houssay?(1 point) Responses Nobel Peace Prize Pulitzer Prize Academy Award Nobel Prize
    1. answers icon 1 answer
  2. What prize was awarded to Bernardo Albero Houssay?(1 point) • Nobel Peace Prize • Pulitzer Prize • Academy Award O Nobel
    1. answers icon 1 answer
more similar questions