A probability distribution for various prize values is given by the following table. Prizes Probabilities $0.00 0.81 $100.00 0.09 $500.00 0.07 $10,000.00 0.03 Find the expected value of a prize. Round...

A probability distribution for various prize values is<br>given by the following table.<br>Prizes<br>Probabilities<br>$0.00<br>0.81<br>$100.00<br>0.09<br>$500.00<br>0.07<br>$10,000.00<br>0.03<br>Find the expected value of a prize. Round your answer<br>to two decimal places.<br>Do not include a dollar sign in your answer. It is<br>already included at the left.<br>

Extracted text: A probability distribution for various prize values is given by the following table. Prizes Probabilities $0.00 0.81 $100.00 0.09 $500.00 0.07 $10,000.00 0.03 Find the expected value of a prize. Round your answer to two decimal places. Do not include a dollar sign in your answer. It is already included at the left.

Jun 10, 2022

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A probability distribution for various prize values is given by the following table. Prizes Probabilities $0.00 0.81 $100.00 0.09 $500.00 0.07 $10,000.00 0.03 Find the expected value of a prize. Round...

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