Post a New Question

math

posted by on .

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?

  • math - ,

    Her expectation of winning is 1%. The fair value is $200/100 = $2.00

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question