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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