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 a key chain? Find the expected value.