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A magazine ran a sweepstakes in which prizes were listed along with the chances of winning: $1,000,000 (1 chance in 80,000,000), $100,000 (1 chance in

A magazine ran a sweepstakes in which prizes were listed along with the chances of winning: $1,000,000 (1 chance in

80,000,000),

$100,000 (1 chance in

130,000,000),

$25,000 (1 chance in

130,000,000),

$5,000 (1 chance in

35,667,000),

and $2,500 (1 chance in

26,500,000).

Assuming that there is no cost to enter the sweepstakes, find the expected value of the amount won for one entry.

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