11 Page 3 > of 6 3) A lottery offers one $1000 prize, one $500 prize, and four $200 prizes. One thousand tickets are sold at $3.00 each. Find the expectation if a person buys one ticket. Create a probability distribution as part of your solution. 15 f6 200 % 5 6 & 18 + 80 No f9144 ( f10 9 114 f11 T Y U O P KA { f12 + [ ins prt sc dele } t backspa

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 25E
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Question
11
Page
3 >
of 6
3) A lottery offers one $1000 prize, one $500 prize, and four $200 prizes. One thousand tickets are sold
at $3.00 each. Find the expectation if a person buys one ticket. Create a probability distribution as
part
of your solution.
15
f6
200
%
5
6
&
18 +
80
No
f9144
(
f10
9
114
f11
T
Y
U
O
P
KA
{
f12
+
[
ins
prt sc
dele
}
t backspa
Transcribed Image Text:11 Page 3 > of 6 3) A lottery offers one $1000 prize, one $500 prize, and four $200 prizes. One thousand tickets are sold at $3.00 each. Find the expectation if a person buys one ticket. Create a probability distribution as part of your solution. 15 f6 200 % 5 6 & 18 + 80 No f9144 ( f10 9 114 f11 T Y U O P KA { f12 + [ ins prt sc dele } t backspa
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