Mathematics, 04.12.2020 19:40 ijohnh14

A prize of $100, $200, $500, or $1000 will be randomly awarded to a game show contestant, with the probabilities of winning each prize shown in the
table below. What is the expected value of the prize that will be awarded?
Prize
$100 $200 $500 $1000
Probability
2
5
1
5
1
5
1
5
A. $460
B. $380
C. $400
D. $560

A prize of $100, $200, $500, or $1000 will be randomly awarded to a game

show contestant, with th

Answers: 1

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A prize of $100, $200, $500, or $1000 will be randomly awarded to a game show contestant, with the...