A magazine subscription service is having a contest in which the prize is $80,000. If the company receives one million entries, what is the expectation of the contest?
A) $0.12
B) $0.11
C) $0.08
D) $0.10
E) $0.09

Question

Quizplus · Accepted Answer

The expectation of the contest is calculated by dividing the total prize by the number of entries. Therefore, $80,000 divided by 1,000,000 entries equals $0.08.

A Magazine Subscription Service Is Having a Contest in Which