Question:

In an auditorium with 500 people, one person will be chosen to win a $100 gift card. The rest of the people will receive a $0.25 key chain. What is the probability that you will be chosen to win the gift card? What is the probability that you will receive

Last updated: 8/15/2022

In an auditorium with 500 people, one person will be chosen to win a $100 gift card. The rest of the people will receive a $0.25 key chain.
What is the probability that you will be chosen to win the gift card?
What is the probability that you will receive

In an auditorium with 500 people, one person will be chosen to win a $100 gift card. The rest of the people will receive a $0.25 key chain. What is the probability that you will be chosen to win the gift card? What is the probability that you will receive a key chain? Find the expected value.