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tashi-75 tashi-75
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Posts: 751
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6 years ago
I receive a lottery ticket as a gift. Three winning tickets will be drawn, each with an associated probability and dollar value as follows: (1) 100 prize; 0.001 probability (2) 50 prize; 0.005 probability (3) 10 prize; 0.01 probability What is the expected dollar value of my ticket?
 
  a. 0.50
  b. 10
  c. 0.45
  d. 1.00
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6 years ago
c
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