Mathematics, 25.07.2019 23:30 antboozeoszxej
Alottery has a grand prize of $160,000, two runner-up prizes of $20,000 each, eleven third-place prizes of $4000 each, and twenty-one consolation prizes of $800 each. of 800,000 tickets are sold for $1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected net winnings on a $1 ticket. (round your answer to two decimal places.)
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Alottery has a grand prize of $160,000, two runner-up prizes of $20,000 each, eleven third-place pri...
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