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a lottery offers one $1000 prize,the probability of getting 1000 dollars back is 1/1000. the probability of getting 500 dollars back is 1/1000. the probability of getting 100 dollars back is 5/100. the expectation on .
Instant Answer: Step 1/3. First, we need to find the probability of winning each prize. There are 1,000 tickets sold, so the probability of winning each prize is as .A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $3 each. Find the expected winnings if a person buys one ticket.Solved A lottery offers one $1000 prize, one $500 prize, and Solved step-by-step. 2. (10 pts). A lottery offers one $1000 $ 1000 prize, one $500 $ 500 prize, and two $50 $ 50 prizes. One thousand tickets are sold at $4.00 .a lottery offers one $1000 prize Solved A lottery offers one $1000 prize, one $500 prize, and Solved step-by-step. 2. (10 pts). A lottery offers one $1000 $ 1000 prize, one $500 $ 500 prize, and two $50 $ 50 prizes. One thousand tickets are sold at $4.00 .
Lottery Prizes A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $3 each. Find the expectation if a person buys one ticket.
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A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $3 each. Find the expected value if a person buys two tickets. .
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