Friday
April 18, 2014

Homework Help: Statistics

Posted by Krista on Saturday, February 11, 2012 at 10:11pm.

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.)

Any help would be greatly appriciated. Thanks

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Statistics - A school is running a raffle. There are 100 tickets, of which 3 are...
Statistics - If 1000 raffle tickets were sold for a TV prize that is worth $275 ...
math - Eric and Albert won prizes for selling the most raffle tickets. Together ...
Probability - A school is running a raffle for two prizes. 59 tickets were sold ...
Math - Volunteers working to raise funds for a new community library sold 1000 ...
Math - May I please have some help solving these problems on my homework? Thank ...
College Math - Volunteers working to raise funds for a new community library ...
Statistics - There is a $2 raffle with a first prize of $10000, a second prize ...
Math - if 3/4 of the 2000 raffle tickets were sold, how many tickets were sold...
algebra - together, steve and tom sold 130 raffle tickets for their school. ...

Search
Members