The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w

Question

2 years ago

8

inner is drawn at random. Find the expected value of the purchase of a ticket. (Use a negative sign in your answer, if necessary.)

2 answers:

Illusion [34] · Answer 1 · 2023-10-08T01:47:14+03:00

Expected value of the purchase of a ticket would be $3.00.

<u>Explanation</u>:

Given,

Raffle ticket costs = $5.00.

The prize = $200.

One hundred tickets are sold = 100 × 5

= $500.00

champ is drawn and given the prize of worth $200.

$500 - $200 = $300

So the normal estimation of the bought ticket = $3.00

The expected estimation of the acquisition of a ticket would be $3.00.

drek231 [11] · Answer 2 · 2023-10-08T04:01:55+03:00

4 0

Answer:

$3.00

Explanation:

500 - 200 = 300.