For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below x (cash prize, $) Grand prize 200,000 10,000 P(x) 0.0000000086 1 0.00000019 0.000001855 0.000154041 0.004800677 0.007182578 0.01857785 0.96919260039 100 (a) If the grand prize is $12,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is your expected profit from one ticket? The expected cash prize is $ (Round to the nearest cent as needed.)

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. Complete parts (a) through (c) below x (cash prize, $) Grand prize 200,000 10,000 P(x) 0.0000000086 1 0.00000019 0.000001855 0.000154041 0.004800677 0.007182578 0.01857785 0.96919260039 100 (a) If the grand prize is $12,000,000, find and interpret the expected cash prize. If a ticket costs $1, what is your expected profit from one ticket? The expected cash prize is $ (Round to the nearest cent as needed.)

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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