A local gas station has developed a new lottery scratch card in which they want 20% of contestants to win a small prize, 5% of contestants to win a medium prize, and 1% of contestants to win a large prize. If the scratch card costs buyers $5, determine how much each prize should award if the store wishes to make a long-run average of $1 for each scratch card sold.

A local gas station has developed a new lottery scratch card in which they want 20% of contestants to win a small prize, 5% of contestants to win a medium prize, and 1% of contestants to win a large prize. If the scratch card costs buyers $5, determine how much each prize should award if the store wishes to make a long-run average of $1 for each scratch card sold.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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