Wednesday

October 1, 2014

October 1, 2014

Posted by **Anonymous** on Friday, March 22, 2013 at 3:18pm.

- Math -
**Reiny**, Friday, March 22, 2013 at 5:18pmprob of winning = 1/200

expected value

= (1/200)(500) + (1/200)(250)

= 3.75

Since you are paying $5.00 to play, the expected outcome is a loss of $1.25

**Answer this Question**

**Related Questions**

stat - 200 tickets are sold to a raffle. It costs $5 to buy a ticket. There is ...

Statistic - 200 tickets are sold to a raffle. It costs $5 to buy a ticket. ...

statistics - 1000 raffle tickets are sold and the winner is chosen at random ...

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

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

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

Statistics - If 1000 raffle tickets were sold for a TV prize that is worth $275 ...

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

Math - Debra is buying prizes for a game at her school's fundraiser. The game ...

math - Ten thousand raffle tickets are sold. 1 first prize of $1800, 3 second ...