In its Flip Your Lid contest, a coffee chain offers prizes of 50 000 free coffees, each worth $1.50; two new TVs, each worth $1200; a snowmobile worth $15 000; and a sports car worth $35 000. A total of 1 000 000 promotional coffee cups have been printed for this contest. Coffee sells for $1.50 per cup. What is the expected value of a cup of coffee to the consumer?

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  1. Expected value = the sum of (the probability times the number of opportunites).
    that is hint #1
    Can you work with that?

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  2. MsPi_3.14159265:

    Can you explain little bit pls

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