DATA MANAGEMENT GRADE 12! HELP

1 answer:

4 0

There are winnings of $50 ( 60% ), $100 ( 20% ) and $1,000 ( 2% ).
$50 * 0.6 = $30
$100 * 0.2 = $20
$1,000 * 0.02 = $20
$30 + $20 + $20 = $70
Answer: The expected payout per fan is $70.

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