Mathematics, 16.07.2020 14:01 kidzay
A cash prize is randomly placed into certain cereal boxes that sell for $5. A $1 prize is placed in 10% of cereal boxes, a $5 prize is placed in 5% of cereal boxes, while 10% of boxes receive a $20 prize. The other boxes do not receive any cash prizes. What is the expected value of the cash prizes if you include the cost of purchasing the cereal in your calculations?
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A cash prize is randomly placed into certain cereal boxes that sell for $5. A $1 prize is placed in...
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