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March 26, 2017

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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 - ,

    expected return = (1/250)(400) = 1.6

    If it was some kind of fund-raiser ?
    What do you think?

  • MATH - ,

    I got -0.40 so how did you go about getting this answer

  • MATH - ,

    I see how you got it now thanks

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