Saturday

November 22, 2014

November 22, 2014

Posted by **Anonymous** on Sunday, October 11, 2009 at 1:28pm.

ticket is to be $500, what are your expected winnings?

- math -
**Reiny**, Sunday, October 11, 2009 at 2:05pmprob of winning = 1/3000

so expected winning = $500(1/3000)

= $.17

**Answer this Question**

**Related Questions**

math - Suppose you buy 1 ticket for $1 out of a lottery of 3000 tickets. If the ...

MATH157 - SUPPOSE YOU BUY 1 TICKET FOR $1 OUT OF A LOTTERY OF 3000 TICKETS. IF ...

geometry - Suppose you buy 1 ticket for $1 out of a lottery of 3,000 tickets. If...

statistics - Suppose you buy 1 ticket for $1 out of a lottery of 1,000 tickets ...

statistics - Suppose you buy 1 ticket for $1 out of a lottery of 1,000 tickets ...

Math 156 - 1)Suppose you buy 1 ticket for $1 out of a lottery of 3000 tickets. ...

Math - A lottery has a grand prize of $180,000, two runner-up prizes of $22,500 ...

Math - HELP A Certain state's lottery LOTTO, is set up so that each player pays...

Statistics - A lottery ticket has a grand prize of $28 million. The probability ...

statistic - A lottery ticket has a grand prize of $28 million. The probability ...