Discrete Probability: In a coffee-shop promotion, when you roll up the rim, you will win $1000 in 1 out of 10 000 chances, $5 in 1 out of 100 chances and a $1 cup of coffee in 1 out of 5 chances. What are the expected winnings for each cup of coffee?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.2: Probability
Problem 48E: Quality Control To control the quality of their product, the Bright-Light Company inspects three...
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Discrete Probability: In a coffee-shop promotion, when you roll up the rim, you will win $1000 in 1 out of 10 000 chances, $5 in 1 out of 100 chances and a $1 cup of coffee in 1 out of 5 chances. What are the expected winnings for each cup of coffee?
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