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4 years ago

13

Suppose the auction house from the preceding problem sold 200 tickets at $1 each, and had 16 prizes of $10 each. What is the new

expected value?
A) $0
B) $0.2
C) –$0.2
D) $0.8

1 answer:

Brilliant_brown [7]4 years ago

4 0

200/160=1.25

200+160=360/1.25/160=200.8

so your answer is 0.8

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