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
2/5

$200
1/5

$500
1/5

$1000

1/5

Probability

A.

$460

B.

$400

C.

$380

D.

$560

Question

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 
 2/5

$200 
 1/5

$500 
 1/5

$1000 

 1/5


Probability 













 



A.

$460




 



B.

$400




 



C.

$380




 



D.

$560

anonymous · Answer

380 is the correct one hope this helps you. :)

anonymous · Answer

thanks

anonymous · Answer

np anytime

anonymous · Answer

ill message u when i need help fan me though