9.1.21-GI Question Help An online gambling site offers a first prize of $45,000 and two second...

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9.1.21-GI Question Help An online gambling site offers a first prize of $45,000 and two second prizes of $10,000 each for reg

Answer 1

Answer #1

possible values of x =-1, 9999 , 44999

expected net winning =(-1)*(1-3/(3*10⁶))+9999*2/(3*10⁶)+44999*(1/(3*10⁶)) = $ -0.98

Answer 2

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