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A contest at a fast-food restaurant offered cash prizes and the probabilities of winning on one visit are shown to the right. Suppose you spend
A contest at a fast-food restaurant offered cash prizes and the probabilities of winning on one visit are shown to the right. Suppose you spend $1 to buy a bus pass that lets you go to 26 different restaurants in the chain and pick up entry forms. Find your expected value.
Prize Probability $100,000 1/7,804,800 $25,000 1/1,560,960 $5,000 1/780,480 $1,000 1/97,560 $100 1/19,512 $5 1/4,878 $1 1/542
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