Sunday

August 31, 2014

August 31, 2014

Posted by **please help** on Tuesday, January 8, 2013 at 1:41pm.

- statistics-expected value -
**tony**, Wednesday, January 9, 2013 at 7:04pm100 raffle tickets are sold for $3 with one grand prize of $200. Julie purchased one ticket. What is the expected value of her ticket?

What is the fair value of a ticket?

**Related Questions**

math - 100 raffle tickets are sold for $3 with one grand prize of $200. Julie ...

math - 100 raffle tickets are sold for 3 dollars each. One prize of 200 is to ...

stats math - Suppose you are selling raffle tickets for $3.00 each. You have the...

statistics - A lottery offers one $800 prize, one $400 prize, and ten $80 prizes...

geometry - One thousand raffle tickets are sold for 4.00 each. one grand prize ...

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 $...

Math - One thousand raffle tickets are sold for $4.00 each. One grand prize of $...

geometry - One thousand raffle tickets are sold for $1.00 each. One grand prize ...

Statistics - There is a $2 raffle with a first prize of $10000, a second prize ...