A probability distribution for various prize values is given by the following table. Prizes Probabilities $0.00 0.81 $100.00 0.09 $500.00 0.07 $10,000.00 0.03 Find the expected value of a prize. Round your answer to two decimal places. Do not include a dollar sign in your answer. It is already included at the left.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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A probability distribution for various prize values is
given by the following table.
Prizes
Probabilities
$0.00
0.81
$100.00
0.09
$500.00
0.07
$10,000.00
0.03
Find the expected value of a prize. Round your answer
to two decimal places.
Do not include a dollar sign in your answer. It is
already included at the left.
Transcribed Image Text:A probability distribution for various prize values is given by the following table. Prizes Probabilities $0.00 0.81 $100.00 0.09 $500.00 0.07 $10,000.00 0.03 Find the expected value of a prize. Round your answer to two decimal places. Do not include a dollar sign in your answer. It is already included at the left.
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