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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.
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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.

User Henrique Zambon
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1 Answer

1 vote

Answer:

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

User Abhik Chakraborty
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