magazine ran a sweepstakes in which prizes were listed along with the chance of winning: $1,000,000 (1 chance in 80,000,000), $100,000 (1 chance in 130,000,000), $25,000 (1 chance in 130,000,000), $5,000 (1 chance in 35,667,000), and $2,500 (1 chance in 26,500,000). Complete a and b.
Assuming that there is no cost to enter the sweepstakes, find the expected value of the amount won for one entry.
(Round to the nearest tenth as needed.)
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8:49 PM
9/28/2023