Posted by k on Saturday, February 11, 2012 at 4:51pm.
Seven thousand raffle tickets are to be sold at $10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows:
Prize Number to Be
Given Away Dollar Value
Automobile 2 $21,730
Entertainment center 5 4,191 each
DVD recorder 4 610 each
Gift certificate 55 22 each

If you buy one ticket, calculate your expected winnings. (Form the probability distribution of x = your dollar winnings, and remember to subtract the cost of your ticket.)

math  Anonymous, Sunday, July 15, 2012 at 3:38pm
gweg
Answer This Question
Related Questions
 Math  Seven thousand raffle tickets are to be sold at $10 each to benefit a ...
 Statistics  Seven thousand raffle tickets are to be sold at $10 each to benefit...
 statistics  Five thousand raffle tickets are to be sold at $10 each to benefit...
 stats math  Suppose you are selling raffle tickets for $3.00 each. You have the...
 math  Ten thousand raffle tickets are sold. 1 first prize of $1800, 3 second ...
 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/Probability/Statistics  Find the expected value and the standard deviation...
 Math  it cost $2 to buy a raffle ticket. if there are 500 tickets sold, and ...
 Stats  charity sells $6 raffle tickets first prizes to trace worth $3,000 2nd ...
More Related Questions