Lottery Prizes A lottery offers one $800 prize, one $700 Prize, three $300 prizes, and four $100 prizes. One thousand tickets are sold at $6 each. Find the expectation if a person buys four tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems. The expectation if a person buys four tickets is dollar(s).
Lottery Prizes A lottery offers one $800 prize, one $700 Prize, three $300 prizes, and four $100 prizes. One thousand tickets are sold at $6 each. Find the expectation if a person buys four tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems. The expectation if a person buys four tickets is dollar(s).
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.8: The Multiplication Principle
Problem 18E
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