Question: A probability distribution for various prize values is given by the following table. Prizes Probabilities $0 0.83 $100 0.13 $500 0.03 $10,000 0.01 Find the

A probability distribution for various prize values is given by the following table.

Prizes Probabilities
$0 0.83
$100 0.13
$500 0.03
$10,000 0.01

Find the expected value of a prize. Round your answer to two decimal places.

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