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. For a multistate lottery, the following probabilitydistribution represents the cash prizes of the lotterywith their corresponding probabilities. Complete parts(a) through (c) below.x (cash prize, $)Grand prizeP(x)0.00000000771200,0000.0000003410,0000.0000018771000.00016739770.00582282540.00706071330.013146260.97380058029(a) If the grand prize is $14,000,000, 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.)

Probability of an event gives the chances of occurrence of the event. The value of probability lies…

P(x) 0.00000000771 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. < (cash prize, $) Grand prize 200,000 10,000 100 0.00000034 0.000001877 0.000167397 7 0.005822825 4 0.007060713 0.01314626 0.97380058029 (a) If the grand prize is $14,000,000, 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.)

P(x) 0.00000000771 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. < (cash prize, $) Grand prize 200,000 10,000 100 0.00000034 0.000001877 0.000167397 7 0.005822825 4 0.007060713 0.01314626 0.97380058029 (a) If the grand prize is $14,000,000, 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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