Post a New Question

math

posted by on .

Suppose you buy 1 ticket for $1 out of a lottery of 3000 tickets. If the prize for the one winning
ticket is to be $500, what are your expected winnings?

  • math - ,

    prob of winning = 1/3000
    so expected winning = $500(1/3000)
    = $.17

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question