Krinkles potato chips is having a Lucky Seven Sweepstakes. The one grand prize is ($ 70,000 ;
Question:
Krinkles potato chips is having a "Lucky Seven Sweepstakes." The one grand prize is \(\$ 70,000 ; 7\) second prizes each pay \(\$ 7,000\); 77 third prizes each pay \(\$ 700\); and 777 fourth prizes each pay \(\$ 70\). What is the expectation of this contest, if there are 10 million entries?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The expectation of a contest like this is the average amount that someone would win if they entered ...View the full answer
Answered By
Ann Wangechi
hey, there, paying attention to detail is one of my strong points, i do my very best combined with passion. i enjoy researching since the net is one of my favorite places to be and to learn. i am a proficient and versatile blog, article academic and research writing i possess excellent English writing skills, great proof-reading. i am a good communicator and always provide feedback in real time. i'm experienced in the writing field, competent in computing, essays, accounting and research work and also as a Database and Systems Administrator
151+ Reviews
291+ Question Solved
Related Book For 
Question Posted:
