Recent content by layzieb81

  1. L

    Calculating Expected Value for Sweepstakes Prizes

    The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one. $5900(1 chance in 8100); $2500( 1 chance in 6200); $600 (1 chance in 4700); $300(1 chance in 2600) Find the expected value of the amount won for one entry if the cost to enter is 75...
Back
Top