Mathematics, 05.10.2019 08:00, cbowling8

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

Answers: 1

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