For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts Ca) through (c) below. x (cash prize, $) Grand prize 200,000 10,000 P(x) 0.00000000687 0.00000034 0.000001846 0.000146681 0.004408777 100 7 4 0.007671659 3 0.01847131 0.96929938013

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.9: Independent And Dependent Events
Problem 3C
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Question
For a multistate lottery, the following probability
distribution represents the cash prizes of the lottery
with their corresponding probabilities. Complete parts
(a) through (c) below.
(cash prize, $)
Grand prize
P(x)
0.00000000687
0.00000034
200,000
10,000
0.000001846
100
0.000146681
7
0.004408777
4
0.007671659
3
0.01847131
0.96929938013
Transcribed Image Text:For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below. (cash prize, $) Grand prize P(x) 0.00000000687 0.00000034 200,000 10,000 0.000001846 100 0.000146681 7 0.004408777 4 0.007671659 3 0.01847131 0.96929938013
The expected profit from one $1 ticket
2$
Transcribed Image Text:The expected profit from one $1 ticket 2$
Expert Solution
Step 1

Given the probability distribution represents the cash prizes of the lottery with their corresponding probabilities as

x (cash prize, $) P(x)
Grand prize 0.00000000687
200000 0.00000034
10000 0.000001846
100 0.000146681
7 0.004408777
4 0.007671659
3 0.01847131
0 0.96929938013
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