question archive The prize that can be won in a sweepstakes are listed below together with the chances of each one $5900 (1 chance in 8600); $2700 (1 chance in 5000); $600 (1 chance in 4800); $200 (1 chance in 2500)
Subject:StatisticsPrice:2.87 Bought7
The prize that can be won in a sweepstakes are listed below together with the chances of each one $5900 (1 chance in 8600); $2700 (1 chance in 5000); $600 (1 chance in 4800); $200 (1 chance in 2500). Find the expected value of the amount won for one entry if the cost of entering is 52 cents.
please use this google drive link to download the answer file.
https://drive.google.com/file/d/17dZLKefAjX9WROITktoQABh1ScPZM7ON/view?usp=sharing
note: if you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process.
https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link