Provide an appropriate response.
-The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one: $4200 (1 chance in 8000); $1600 (1 chance in 6900); $500 (1 chance in 3300); $300 (1 chance in 2000). Find the
Expected value of the amount won for one entry if the cost of entering is 53 cents.
A) $0.53
B) $0.38
C) $300
D) $0.91

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The Answer of Provide an appropriate response.
-The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one: $4200 (1 chance in 8000); $1600 (1 chance in 6900); $500 (1 chance in 3300); $300 (1 chance in 2000). Find the
Expected value of the amount won for one entry if the cost of entering is 53 cents.
A) $0.53
B) $0.38
C) $300
D) $0.91

Provide an Appropriate Response