Question

During one holiday season, the Texas lottery played a game called the Stocking Stuffer. With this
game, total instant winnings of $34.8 million were available in 70 million $1 tickets, with ticket prizes
ranging from $1 to $1,000. Shown here are the various prizes and the probability of winning each
prize. Use these data to compute the expected value of the game.
Prize (x)
Probability P (x)
11000
0.00002
1100
0.00063
20
0.00400
110
0.00601
14
0.02403
2.
0.08877
0.10479
10
0.77175​

Answer 1

Answer:

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