Wednesday
September 3, 2014

Homework Help: math

Posted by Shay on Sunday, July 10, 2011 at 6:18pm.

A raffle has a $500 first prize, two $100 second prizes and five $25 third prizes. If 500 tickets are sold for $5 each find the expected value of buying a single ticket.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

stats math - Suppose you are selling raffle tickets for $3.00 each. You have the...
Math - Volunteers working to raise funds for a new community library sold 1000 ...
College Math - Volunteers working to raise funds for a new community library ...
math - Ten thousand raffle tickets are sold. 1 first prize of $1800, 3 second ...
math problem - In a raffle 1000 tickets are being sold at $1.00 each. the first ...
Statistics - There is a $2 raffle with a first prize of $10000, a second prize ...
Math - A lottery has a grand prize of $180,000, two runner-up prizes of $22,500 ...
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 ...
Math - In a raffle, the prizes that can be won are as follows: 25 gift ...

Search
Members