Krinkles potato chips is having a "Lucky Seven Sweepstakes." The one grand prize is $70,000; 7 second prizes each pay $7,000; 77 third prizes each pay $700; and 777 fourth prizes each pay $70. What is the expectation of this contest, if there are 6 million entries? Please round your answer to the nearest cent.

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Question

Krinkles potato chips is having a "Lucky Seven Sweepstakes." The one grand prize is $70,000; 7 second prizes each pay $7,000; 77 third prizes each pay $700; and 777 fourth prizes each pay $70. What is the expectation of this contest, if there are 6 million entries? Please round your answer to the nearest cent.
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Quizplus · Accepted Answer

The Answer of Krinkles potato chips is having a "Lucky Seven Sweepstakes." The one grand prize is $70,000; 7 second prizes each pay $7,000; 77 third prizes each pay $700; and 777 fourth prizes each pay $70. What is the expectation of this contest, if there are 6 million entries? Please round your answer to the nearest cent.
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$__________

Krinkles Potato Chips Is Having a "Lucky Seven Sweepstakes