A contest at a fast-food restaurant offered the cash prizes and probabilities of winning on one visit shown to the rnight Suppose you spend $1 to buy a bus pass that lets you go to 22 different restaurants in the chain and pick up entry forms. Find your expected value. Prize $100,000 $25.000 $5,000 $1,000 $100 Probablity 1/8,352.000 1/1,670,400 1/835,200 1/104,400 1/20,880 $5 1/5,220 $1 1/580 The expected value is (Round to the nearest cent as needed. Do not include the $ symbol your answer)
A contest at a fast-food restaurant offered the cash prizes and probabilities of winning on one visit shown to the rnight Suppose you spend $1 to buy a bus pass that lets you go to 22 different restaurants in the chain and pick up entry forms. Find your expected value. Prize $100,000 $25.000 $5,000 $1,000 $100 Probablity 1/8,352.000 1/1,670,400 1/835,200 1/104,400 1/20,880 $5 1/5,220 $1 1/580 The expected value is (Round to the nearest cent as needed. Do not include the $ symbol your answer)
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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