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 prize200,00010,000100P(x)0.000000008750.000000320.0000016510.00017892270.00389713440.00661461530.011207490.97809985925.....(a) If the grand prize is $13,000,000, 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.)

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Description: 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 prize200,00010,000100P(x)0.000000008750.00000

* Expected cash price, Ex=Σx. Px =13000000 0.00000000875 + 200000…

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x (cash prize, $) Grand prize 200,000 10,000 P(x) 0.00000000875 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. 0.00000032 0.000001651 100 0.000178922 0.003897134 0.006614615 7 4 0.01120749 0.97809985925 3 .... (a) If the grand prize is $13,000,000, 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.)

x (cash prize, $) Grand prize 200,000 10,000 P(x) 0.00000000875 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. 0.00000032 0.000001651 100 0.000178922 0.003897134 0.006614615 7 4 0.01120749 0.97809985925 3 .... (a) If the grand prize is $13,000,000, 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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