MD has a new type of scratch-off ticket for $15 to win one of:12 prizes of $157 small prizes of $37• 2 large prizes of $400• 1 grand prize of $20,000Once they've sold 3,000 tickets, they will select the winning tickets.What value should be in the shaded box in the contingency table below?Probability,Outcome, Xx · P(x)P(x)Win: grand prize???Win: large prizeWin: small prizeWin: prizeLoseIMPORTANT Rounding Directions:• Do NOT round until the final answerIf necessary, round your final answer to 4 decimal places

Here total 3000 tickets are sold

Answered: What value should be in the shaded box…

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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