Posted by **tony** on Tuesday, January 8, 2013 at 11:27am.

100 raffle tickets are sold for $3 with one grand prize of $200. Julie purchased one ticket. What is her expectation? What is the fair value of a ticket?

## Answer this Question

## Related Questions

- statistics - 100 raffle tickets are sold for $3 with one grand prize of $200. ...
- math - 100 raffle tickets are sold for 3 dollars each. One prize of 200 is to ...
- algebra 2 - need help with , five hundred raffle tickets are sold for $3.00 each...
- algebra 2 - I need help with this problem please five hundred raffle tickets are...
- math - expected value and fair price - one hundred raffle tickets are sold for $...
- math - five hundred raffle tickets are sold for $2 each. one prize of $400 is to...
- liberal arts math 1 - Five hundred raffle tickets were sold for $2 each. A ...
- stats math - Suppose you are selling raffle tickets for $3.00 each. You have the...
- Math - One thousand raffle tickets are sold for $1.00 each. One grand prize of $...
- Math - One thousand raffle tickets are sold for $4.00 each. One grand prize of $...