Tickets for a raffle cost $5. There were 645 tickets sold. One ticket will be randomly selected as the
winner, and that person wins $2000 and also the person is given back the cost of the ticket. For
someone who buys a ticket, what is the Expected Value (the mean of the distribution)?
If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer
rounded to two decimal places.
Expected Value = $

Question

30-11-2022
Mathematics

Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Tickets for a raffle cost $5. There were 645 tickets sold. One ticket will be randomly selected as the
winner, and that person wins $2000 and also the person is given back the cost of the ticket. For
someone who buys a ticket, what is the Expected Value (the mean of the distribution)?
If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer
rounded to two decimal places.
Expected Value = $

Sagot :

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.

at a garden center, grass seed sells for $8 per pound. Kalil spent $10 on grass seeds. What amount of seed did he buy?

If 4/5 x n = 2/5 what is n

U.S. reaction to Soviet bases in Cuba was known as the (A) Cuban Dilemma (B) Cuban Missile Crisis (C) Berlin Crisis (D) Bay of Pigs

The main function of the skull is to protect the brain?

In "Ooka and the Honest Thief," why does Gonta steal? A. to maintain his reputation B. to provide for his family C. to punish someone else D. to help a charity

Anya makes 14 baskets during the game. Some of these baskets were worth 2-points and others were worth 3-points. In total, she scored 30 points. Write and solve

find the value of this expression if X = -1 and Y = -5 xy over -6

Which description of the second Great Awakening is correct? A. a fascination with Native American cultures in the late 1800s B. a time of religious revival in t

what number is 5% of 63

Key inventions that helped link the Midwest to the East and Europe were (A) steel plow, reaper (B) sewing machine, reaper (C) steel plow, railroad (D) barbed wi

Sagot :

Other Questions