A regional automobilo dealership sent out fliers to prospective customers indicating that they had already won one of th
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A regional automobilo dealership sent out fliers to prospective customers indicating that they had already won one of th
A regional automobilo dealership sent out fliers to prospective customers indicating that they had already won one of three different prizes an automobile valued at $22,000 a $150 gas card, or a $5 shopping card to claim his or her prize, a prospective customer needed to present the fier at the dealership's showroom The line print on the back of the fier listed the probabilities of winning. The chance of winning the car was 1 out of 31,338, the chance of winning the gas card was 1 out of 31,338, and the chance of winning the shopping card was 31 335 out of 31,338. Complete parts (a) through (c) a. How many fiers do you think the automobile dealership sont out? 31338 fliers b. Using your answer to (a) and the probabilities listed on the fier what is the expected value of the prize won by a prospective customer receiving a tier? -=$(Round to the nearest cont as needed
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