A lottery offers one P1000 prize, one P1500 prize and five P200 prizes. One thousand tickets are sold at P10 each. Find the expectation if a person buys one ticker.

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 lottery offers one P1000 prize, one P1500 prize and five P200
prizes. One thousand tickets are sold at P10 each. Find the
expectation if a person buys one ticker.
- P 8.00
- P 10.00
- P 5.00
O - P 1.00
Transcribed Image Text:2 A lottery offers one P1000 prize, one P1500 prize and five P200 prizes. One thousand tickets are sold at P10 each. Find the expectation if a person buys one ticker. - P 8.00 - P 10.00 - P 5.00 O - P 1.00
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