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

## Answer this Question

## Related Questions

- Math - Sam bought 1 of 250 tickets selling for $2 in a game with a grand prize ...
- math - Sam bought 1 of 250 tickets selling for $2 in a game with a grand prize ...
- math - Sam bought 1 of 250 tickets selling for $2 in a game with a grand prize ...
- math - sam bought 1 of 250 tickets selling for $2 in a game with a grand prize ...
- MATH Prob. - Sam bought 1 of 250 tickets selling for $2 in a game with a grand ...
- Math157 - I am having problems finding the correct way to solve this problem. I ...
- Math - A raffle sold 400 tickets and awards a grand prize of $1,000. Was $4 a ...
- college math - sam bought 1 of 250 tickets for $2 in a raffle with the prize of...
- Math 142 - 800 hundred chances are sold at $2 apiece for a raffle. There is a ...
- Math - Debra is buying prizes for a game at her school's fundraiser. The game ...

More Related Questions