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A contest at a fast-food restaurant offered the following cash prizes and probabilities of winning on one visit when a customer buys an order of French fries for $1.52. Find the expected winnings if the player buys 22 orders of French fries in multiple visits. Prize $100,000 $50,000 $10,000 $1,000 $100 $25 Probability 1/8,504,860 1/302,500 1/282,735 1/153,560 1/104,560 1/9,540 What are the expected winnings if the player buys 22 orders of French fries on multiple visits? $ (Round the final answer to the nearest cent as needed. Round all intermediate values to the nearest cent as needed.

A contest at a fast-food restaurant offered the following cash prizes and probabilities of winning on one visit when a customer buys an order of French fries for $1.52. Find the expected winnings if the player buys 22 orders of French fries in multiple visits. Prize $100,000 $50,000 $10,000 $1,000 $100 $25 Probability 1/8,504,860 1/302,500 1/282,735 1/153,560 1/104,560 1/9,540 What are the expected winnings if the player buys 22 orders of French fries on multiple visits? $ (Round the final answer to the nearest cent as needed. Round all intermediate values to the nearest cent as needed.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A contest at a fast-food restaurant offered the following cash prizes and probabilities of winning on one visit when a customer buys an order of French fries for $1.52. Find the expected winnings if the player buys 22 orders of French fries in multiple visits. Prize $100,000 $50,000 $10,000 $1,000 $100 $25 Probability 1/8,504,860 1/302,500 1/282,735 1/153,560 1/104,560 1/9,540 What are the expected winnings if the player buys 22 orders of French fries on multiple visits? $ (Round the final answer to the nearest cent as needed. Round all intermediate values to the nearest cent as needed.)
Transcribed Image Text:A contest at a fast-food restaurant offered the following cash prizes and probabilities of winning on one visit when a customer buys an order of French fries for $1.52. Find the expected winnings if the player buys 22 orders of French fries in multiple visits. Prize $100,000 $50,000 $10,000 $1,000 $100 $25 Probability 1/8,504,860 1/302,500 1/282,735 1/153,560 1/104,560 1/9,540 What are the expected winnings if the player buys 22 orders of French fries on multiple visits? $ (Round the final answer to the nearest cent as needed. Round all intermediate values to the nearest cent as needed.)
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