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Note: Questions #22-#25 are based on the following information: The fine print on an instant lottery ticket claims that one in nine tickets win a
Note: Questions #22-#25 are based on the following information: The fine print on an instant lottery ticket claims that one in nine tickets win a prize.
Of all awarded prizes, 10% are worth $1000, 20% are worth $100, and 70% are worth $10.
Find the expected winnings if you purchase a single ticket.
a) $127
b) $370
c) $1.41
d) $14.11
e) $42.33
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