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OpenStudy (anonymous):
NEED HELP!!! WILL MEDAL!!! A prize of $100, $200, $500, or $1000 will be randomly awarded to a game show contestant, with the probabilities of winning each prize shown in the table below. What is the expected value of the prize that will be awarded? Prize $100 1/5 $200 1/5 $500 2/5 $1000 1/5 Probability A. $400 B. $460 C. $560 D. $380
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