Question
The following table lists the probability distribution for cash prizes in a lottery conducted at supermarket. Prize (R) Probability 0 0.45 10 0.30 100 0.20
The following table lists the probability distribution for cash prizes in a lottery conducted at supermarket. Prize (R) Probability 0 0.45 10 0.30 100 0.20 500 0.05 a. Find the value of K 1. If you buy a single ticket, what is the probability that you win: a. Exactly R100? b. At least R10?
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Mathematics for Economics and Business
Authors: Ian Jacques
9th edition
129219166X, 9781292191706 , 978-1292191669
