Saturday

March 28, 2015

March 28, 2015

Posted by **mya** on Wednesday, December 11, 2013 at 5:01pm.

- math -
**Sam**, Wednesday, December 11, 2013 at 5:08pmIf you buy one ticket you have a 1/2500 chance of winning. Thus, you're expected value is 5000/25$ = 2$ return for your 5$ ticket. So you get -$3.

**Answer this Question**

**Related Questions**

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 4.00 each. one grand prize ...

algebra 2 - need help with , five hundred raffle tickets are sold for $3.00 each...

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

algebra 2 - I need help with this problem please five hundred raffle tickets are...

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

math - 1000 tickets for prizes are sold for $2 each. Seven prizes will be ...

liberal arts math 1 - Five hundred raffle tickets were sold for $2 each. A ...