Question

Pepsi and mountain dew products sponsored a contest giving away a lamborghini sports car worth $226,000. the probability of winning from a single bottle purchase was .00000600. find the expected value. (round your answer to 4 decimal places.) expected value $

Answer 1

The expected value of winning is the product of the probability of winning and the value of the prize.

... (6.00×10⁻⁶)×($.226×10⁶) = $1.3560