company held a contest and the following information was

Last updated: 7/3/2023

company held a contest and the following information was included in the fine print PRIZE A B C D TOTAL WIN WIN NUMBER OF PRIZES 13 52 520 28 900 29 485 PROBABILITY OF WINNING INDICATED PRIZE 0 000005 0 00002 0 0002 0 010886 0 011111 Read this information carefully and calculate the expectation to the nearest cent for this contest Assume that Prize A is 90 000 Prize B is 1 000 Prize C is 200 and Prize D