Homework Help: MATH

Posted by P-Dub on Thursday, April 1, 2010 at 10:43am.

Sam bought 1 of 250 tickets selling for $2 in a game
with a grand prize of $400. Was $2 a fair price to pay for
a ticket to play this game?

MATH - Reiny, Thursday, April 1, 2010 at 11:43am
expected return = (1/250)(400) = 1.6

If it was some kind of fund-raiser ?
What do you think?
MATH - P-Dub, Friday, April 2, 2010 at 3:11pm
I got -0.40 so how did you go about getting this answer
MATH - P-Dub, Friday, April 2, 2010 at 3:41pm
I see how you got it now thanks

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