Friday

April 18, 2014

April 18, 2014

Posted by **bernie** on Tuesday, April 30, 2013 at 11:48am.

five hundred raffle tickets are sold for $3.00 each,one prize of 500 is to be awarded, Raul purchased one ticket. a) his expected value?

b) the fair price of the ticket?

- algebra 2 -
**Reiny**, Tuesday, April 30, 2013 at 1:14pmprob of win = 1/500

a) expected value = (1/500)($500) = $1.00

b) a "fair" price would be $1.00

**Related Questions**

algebra 1b - i need help!!!!!!!!!!!! Please post your problem and your attempts ...

Algebra - I need help with this problem: Use the five properties of exponents to...

algebra - Uhhhh... well i need help with this algebra but i kinda need it ...

math help - Thank you for helping me with the last problem Reiny and Bosnian. ...

algebra - Mathmatical Phrase: Twenty five less than some number. NEED HELP ...

algebra - Use the five steps for problem solving to answer the following ...

algebra word problem - I NEED HELP PLEASE!!!!!!!!! A rectangular table is five ...

Algebra - I need help on doing a math problem for my algebra class so if u could...

Algebra - Rationalize the denominator: 5 /4-squareroot 5 (five over four minus ...

algebra 1 - 2+a/-4=3/5 Two plus a over negative four equals three over five. ...