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Solve the Problem A) $0.81- \$ 0.81 B) $0.24\$ 0.24 C) $0.72- \$ 0.72

Question 107

Multiple Choice

Solve the problem.
-The table shows the prizes and probabilities of winning (on a single $1 ticket) for a particular state lottery. Find the expected value of the winnings for a single lottery ticket.  Prize (dollars)   Probability 5 million (jackpot)  1 in 76,275,360150,0001 in 2,179,29650001 in 339,0021501 in 96861001 in 770551 in 22021 in 10211 in 62\begin{array}{c|l}\text { Prize (dollars) } & \text { Probability } \\\hline 5 \text { million (jackpot) } & 1 \text { in } 76,275,360 \\150,000 & 1 \text { in } 2,179,296 \\5000 & 1 \text { in } 339,002 \\150 & 1 \text { in } 9686 \\100 & 1 \text { in } 7705 \\5 & 1 \text { in } 220 \\2 & 1 \text { in } 102 \\1 & 1 \text { in } 62\end{array}


A) $0.81- \$ 0.81
B) $0.24\$ 0.24
C) $0.72- \$ 0.72
D) $0.76- \$ 0.76

Correct Answer:

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