A prize of $100, $200, $500, or $1000 will be randomly awarded to a gameshow contestant, with the probabilities of winning each prize shown in thetable below. What is the expected value of the prize that will be awarded?Prize$100 $200 $500 $1000Probability O A. $400B. $560C. $380D. $460

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Answered: A prize of $100, $200, $500, or $1000…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question Help According to recent passport data, the percentage of people in a particular country who have a passport has risen dramatically. In 2007, only 25% of the country's citizens had a passport; in 2017 that percentage had risen to 44%. Assume that currently 44% of the citizens have a passport. Suppose 55 citizens of the country are selected at random. Complete parts (a) through (c) below. a. Find the probability that fewer than 24 have a passport. The probability that fewer than 24 have a passport is .758. (Type an integer or decimal. Round to three decimal places as needed.) ard 3 b. Find the probability that at most 22 have a passport. The probability that at most 22 have a passport is (Type an integer or decimal. Round to three decimal places as needed.) c. Find the probability that at least 23 have a passport. The probability that at least 23 have a passport is (Type an integer or decimal. Round to three decimal places as needed.) M+ M- CE C. More Vi 5 6. Enter your answer…

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A prize of $100, $200, $500, or $1000 will be randomly awarded to a game show contestant, with the probabilities of winning each prize shown in the table below. What is the expected value of the prize that will be awarded? Prize $100 $200 $500 $1000 Probability 1 2. 5. 115