Question

Of all awarded prizes, 10% are worth $1000, 20% are worth $100, and 70% are worth $10. Find the expected winnings if you purchase a single ticke​

Answer 1

$127

Explanation:

`(.10 * 1000) + (.20 * 100) + (.70 * 10) = 100 + 20 + 7 = 127`