a lottery offers one $1000 prize, one $500 prize, and eight $100 prizes. one thousand tickets are sold at $4.00 each. find the expectation if a person buys five tickets.

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asked Jun 9, 2023 76.8k views

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a lottery offers one $1000 prize, one $500 prize, and eight $100 prizes. one thousand tickets are sold at $4.00 each. find the expectation if a person buys five tickets.

Mathematics
high-school

Henrique Zambon asked

by Henrique Zambon

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Answer:

he would have a 50% chance of getting one of the 10 prizes

Abhik Chakraborty answered Jun 13, 2023

by Abhik Chakraborty

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