A probability distribution for various prize values is given by the following table Probabilities Prizes 0 00 100 00 500 00 10

Question

A probability distribution for various prize values is given by the following table Probabilities Prizes 0 00 100 00 500 00 10 000 00 0 75 0 14 0 08 0 03 Find the expected value of a prize Round your answer to two decimal places Do not include a dollar sign in your answer It is already included at the left

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