• anonymous
A prize of $100,$200, $500, or$1000 will be randomly awarded to a game show contestant, with the probabilities of winning each prize shown in the table below. What is the expected value of the prize that will be awarded? prize $100$200 $500$1000 Probability 2/5 1/5 1/5 1/5 a.400 b.380 c.460 d.560
Probability

Looking for something else?

Not the answer you are looking for? Search for more explanations.