Thursday

March 5, 2015

March 5, 2015

Posted by **Tina** on Monday, February 11, 2013 at 11:38pm.

Prize

Probability

$100,000

1/500,000

$50,000

1/250,000

$20,000

1/200,000

$10,000

1/100,000

If each ticket costs $1.00, what is the expected gain or loss?

Select one:

a. $.60

b. $6.00

c. $4.00

d. $.40

- math -
**JJ**, Thursday, February 14, 2013 at 5:13pmMultiply each possible prize times the chance of winning and add them all up. compare that number with $1 to find your expected gain or loss. If the number is larger, you have a gain. If the number is smaller, you have a loss.

**Answer this Question**

**Related Questions**

math - A certain sweepstakes ticket has four categories of prizes with the ...

Math - Would 72,060,964,765 look like the following in it's expanded form? 7X 10...

healthcare fiancare - HINT: 6% X $1,000,000 – {20% X ($1,000,000 – (6% X $1,000,...

Economics - Given the following information calculate the Marginal Revenues. I ...

financial accounting and reporting - january 01,2007 Mr.A started a business ...

finance - One yaer fom now, how much value creation is expected from the ...

accounting - Cournot Company sells 100,000 wrenches for $12 a unit. Fixed costs ...

please help - . If Healthy Foods has an annual interest expense of $10,000, ...

accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...

Math - What is the percent increase in the population for all six inhabited ...