Question
On the game show Who Wants to be a Bazillionaire? contestants win fabulous prizes for answering silly questions. If the contestant gets the answer correct,
On the game show "Who Wants to be a Bazillionaire?" contestants win fabulous prizes for answering silly questions. If the contestant gets the answer correct, then the winningsWare obtained by multiplying the prize(P)with the bonus multiplier(B). That is,
W=BP.
The prizePis random and uniformly distributed over the interval [$1000, $3000]. The bonus multiplierBhas a discrete uniform distribution over the interval[1,20], so that it can take on the values{1,2, ...,20}with equal probability.
Use excel function to answer this. You can put screenshot here. What is the probability that the winnings will be at least $20,000?
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