Lottery Prizes A lottery offers one 1000 prize two 600 pr.pdf

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Lottery Prizes A lottery offers one $1000 prize, two $600 prizes, three $300 prizes, and five $200 prizes. One thousand tickets are sold at $5 each. Find the expectation if a person buys five tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems. The expectation if a person buys five tickets is dollar(s)..

Lottery Prizes A lottery offers one $1000 prize, two $600 prizes, three $300 prizes, and five $200
prizes. One thousand tickets are sold at $5 each. Find the expectation if a person buys five tickets.
Assume that the player's ticket is replaced after each draw and that the same ticket can win more
than one prize. Round to two decimal places for currency problems. The expectation if a person
buys five tickets is dollar(s).

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