Tuesday

September 23, 2014

September 23, 2014

Posted by **Jen** on Thursday, July 21, 2011 at 7:48am.

- Math -
**drwls**, Thursday, July 21, 2011 at 8:14amJeremy has a 1/1000 chance at $800 and a 1/500 chance at $100.

800/1000 + 2*100/1000 = $1 is the ticket's expected value, no matter what was paid.

- Math -
**Jen**, Thursday, July 21, 2011 at 8:44amoooooh okay....thank you for your help :)

**Answer this Question**

**Related Questions**

Math - One thousand raffle tickets are sold for $4.00 each. One grand prize of $...

geometry - One thousand raffle tickets are sold for 4.00 each. one grand prize ...

Math - One thousand raffle tickets are sold for $1.00 each. One grand prize of $...

geometry - One thousand raffle tickets are sold for $1.00 each. One grand prize ...

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 ...

statistics - A lottery offers one $800 prize, one $400 prize, and ten $80 prizes...

math - Ten thousand raffle tickets are sold. 1 first prize of $1800, 3 second ...

stats math - Suppose you are selling raffle tickets for $3.00 each. You have the...

Math - A lottery has a grand prize of $180,000, two runner-up prizes of $22,500 ...