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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​
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18 votes
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​

User Priyanga
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1 Answer

23 votes
23 votes

Answer:

$127

Explanation:


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

User Farhat
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