Friday
March 24, 2017

Post a New Question

Posted by on Saturday, March 26, 2011 at 4:08pm.

Suppose you buy 1 ticket for $1 out of a lottery of 3,000 tickets. If the prize for the one winning ticket is to be $1,000, what are your expected winnings?

  • geometry - , Saturday, March 26, 2011 at 5:58pm

    Take the weighted winning:
    (1*1000+2999*0)/3000
    =?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question