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Mathematics
Problem
The value of prizes (
X
X
X
) won by an individual each month in a prize draw is shown below.
X
X
X
0
10
2000
P
(
X
=
x
)
P(X=x)
P
(
X
=
x
)
0.9
0.095
0.005
a. Given that an individual wins a prize, find the probability that it is $2000. b. Find the probability of winning more than the expected amount.
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