Monday
April 21, 2014

Homework Help: College Math

Posted by James on Saturday, December 1, 2012 at 12:47pm.

Volunteers working to raise funds for a new community library sold 1000 raffle tickets at $10 each. Tickets are to be randomly drawn and prizes are awarded as follows: one prize of $1,000, twenty prizes of $50 and one hundred prizes of $20. What is the expected value of this raffle to you if you buy just one ticket? What is the expected value of this raffle if you buy all of the tickets?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Volunteers working to raise funds for a new community library sold 1000 ...
Finance - A U.S. Firm wants to raise $10 million of capital so it can invest in ...
finacnce - In the percent-of-sales method, an increase in dividends? A. will ...
Psychology - What is the independent variable in this scenario: A research ...
Personal finance - Investing in which of the following funds will give you the ...
busn - Which one of the following activities best exemplify working capital ...
cis 115 - Jim is a financial analyst with many large investment clients. Each ...
math - gr 12 - the social convenor has 12 volunteers to work at a school dance. ...
math - A small community college is hoping to raise enough funds to put ...
goverment - Candidates for presidental nomination are eligible to receive ...

Search
Members