College Algebra (10th Edition)

Published by Pearson
ISBN 10: 0321979478
ISBN 13: 978-0-32197-947-6

Chapter 10 - Projects - Page 711: 6

Answer

See below.

Work Step by Step

For that the expected cash prize must be greater than $1$. The expected cash prize is the sum of all the probabilities and winnings multiplied. Let $x$ be the jackpot. $x\cdot0.00000000386+1,000,000\cdot0.00000005408+5000\cdot0.00001892689+50\cdot0.00009328256+5\cdot0.00342036036+2\cdot0.01770813839+1\cdot0.04674948535\gt1\\x\cdot0.00000000386+0.25264614193\gt1\\x\cdot0.00000000386\gt0.74735385807\\x\gt\frac{0.74735385807}{0.00000000386}\approx1.93614989137305699481865284974093264248704663212435233× 10^8$
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