Question: Question 11 5 Points A person will randomly win 1 of 5 prizes. The cash values of the 5 prizes are $5, $10, $10, $10,

 Question 11 5 Points A person will randomly win 1 of

Question 11 5 Points A person will randomly win 1 of 5 prizes. The cash values of the 5 prizes are $5, $10, $10, $10, $20, respectively. Which properly calculates the expected value of the person's winning prize? A 5x(1/5) + 10x(3/5) + 20x(1/5) = $11 B Most common value is $10, so $10 C (5+ 10 + 20) / 3 = $11.7 D 5x(1/5) + 10x(1/5) + 20x(1/5) = $7

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