SOLUTION: Johanna is expecting to win 1 million dollars in a certain game. The probability of winning the game is 1/50.What is the winning prize?

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Question 1148247: Johanna is expecting to win 1 million dollars in a certain game. The probability of winning the game is 1/50.What is the winning prize?
Answer by greenestamps(13200) About Me  (Show Source):
You can put this solution on YOUR website!


This looks like it is supposed to be a problem about expected value, but it is not.

If the amount she expects to win is 1 million dollars, then the amount of the prize is 1 million dollars.

I can't imagine why she "expects" to win the prize if the probability of winning is 1/50.