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What is the probability that both win the top prize

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Question - Sports and Leisure A game show contestant on Let's Make a Deal selects two envelopes with prize money enclosed. Two of the envelopes contain $100, one envelope contains $250, two envelopes contain $500, and the last envelope contains $1000. Let the random variable M be the maximum of the two prizes.

a. Find the probability distribution for M.

b. Suppose two contestants independently select prize envelopes on two different days. What is the probability that both win the top prize?

Reference no: EM131744806

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