Sunday
September 21, 2014

Homework Help: Statistics

Posted by Patty on Sunday, July 28, 2013 at 10:38pm.

There is a $2 raffle with a first prize of $10000, a second prize of $500, and a 3rd prize of $100. If 1000 tickets are sold find the expected value. How much should the raffle ticket cost to make this a fair game?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

stats math - Suppose you are selling raffle tickets for $3.00 each. You have the...
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. ...
Math - 200 tickets are sold to a raffle. It costs $5 to buy a ticket. There is ...
statistics - 1000 raffle tickets are sold and the winner is chosen at random ...
math - 100 raffle tickets are sold for 3 dollars each. One prize of 200 is to ...
math problem - In a raffle 1000 tickets are being sold at $1.00 each. the first ...
statistics - A lottery offers one $800 prize, one $400 prize, and ten $80 prizes...
math - A raffle has a $500 first prize, two $100 second prizes and five $25 ...
Statistics - If 1000 raffle tickets were sold for a TV prize that is worth $275 ...

Search
Members