Posted by PDub 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 fundraiser ?
What do you think?

MATH  PDub, Friday, April 2, 2010 at 3:11pm
I got 0.40 so how did you go about getting this answer

MATH  PDub, Friday, April 2, 2010 at 3:41pm
I see how you got it now thanks
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