The value of prizes won by an individual each month in a prize draw is ,
MATHEMATICS · Multi-part · AP · AP Statistics · Probability Random Variables Distributions · Probability Random Variables Distributions
Problem
The value of prizes X won by an individual each month in a prize draw is 0, 10, or 2000, with probabilities 0.9, 0.095, and 0.005, respectively.
(1) Given that an individual wins a prize, find the probability that it is 2000.
(2) Find the probability of winning more than the expected amount.