Martinakom

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Category > Math Posted 14 Dec 2017 My Price 6.00

What is the expected value of your coupon?

The Won-Ton is running a promotion. All customers get a free Won-Ton scratch off ticket. Scratch it, and you will find a coupon good for your next visit. The values of the coupon vary. There is a 50% chance that your coupon will be worth $10, a 40% chance that it will be worth $25, an 8% chance it will be worth $50 and a 2% chance it will be worth $100.

What is the expected value of your coupon?

A.$20

B.$21

C.$22

D.$46.25

Answers

Martinakom
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Status NEW Posted 14 Dec 2017 12:12 PM My Price 6.00

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