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Business, 12.11.2019 03:31 derick263

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. x(cash prize,$) p(x)grand prize 0.825200,000 0.1610,000 0.1676100 0.0001675637 0.0051627223 0.018773580 0.0.96922079975if the grand prize is $17, 000, 000, find the interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is ?

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