For a 1 -dollar ticket, a lottery offers the following prizes: 1 prize of 25,000; 20 prizes

Question:

For a 1 -dollar ticket, a lottery offers the following prizes:

1 prize of 25,000;

20 prizes of 1,000 each;

50 prizes of 100 each;

100 prizes of 25 each;

1500 prizes of 5 free tickets.

If 100,000 tickets are sold, find the expectation per ticket.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: