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For a multistate lottery, the following probability E distribution represents the cash prizes of the lottery Grand prize 0. 00000000642 with their corresponding probabilities. Complete
For a multistate lottery, the following probability E distribution represents the cash prizes of the lottery Grand prize 0. 00000000642 with their corresponding probabilities. Complete parts 200, 000 0. 00000036 (a) through (c) below. W 100 0000131625 7 0004314109 4 0006571879 3 001485133 0 0.97412908258 (a) If the grand prize is $13,000,000, nd and interpret the expected cash prize. if a ticket costs $1, what is your expected prot from one ticket? The expected cash prize is $ 0.29 . (Round to the nearest cent as needed.) What is the correct interpretation of the expected cash prize? A. You will win $0.29 on every lottery ticket. B. On average, you will prot $0.29 per lottery ticket. s" c. On average, you will win $0.29 per lottery ticket. The expected prot from one $1 ticket is $ - 0.71 . (b) To the nearest million, how much should the grand prize be so that you can expect a prot? $D
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