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What is the expected value of one of 700 tickets in a raffle for a price of $1400?
Would that be 2 dollars
1 answer
yes
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an organization is selling raffle tickets for 20$ each. you purchase one of 500 raffle tickets. the prize for this raffle is
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1/500 * 6000 - 20
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The students at Porterville Elementary sold raffle tickets, each for the same price, for a fundraiser. The equation below shows
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A. $14 per raffle ticket
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What is the expected value of one 700 tickets in a raffle for a prize of $1400?
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Expected value is obtained by summing the product of the prizes by the individual probabilities. In
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A school is running a raffle for two prizes. 59 tickets were sold for the raffle, numbered 1,…,59. All the tickets are put
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20
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2) A family of 2 adults and 3 children go to the county fair that sells raffle tickets for 75¢ each. Admission price is $5 per
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C(n) = 2*8 + 3*5 + .75n = 31 + .75n domain is all integers >= 0 range is all multiples of .75 >= 0
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In a raffle 1000 tickets are being sold at $1.00 each. the first prize is $100, and there are 3 second prizes of $50 each. by
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Omggggg
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The ratio of winning raffle tickets to losing raffle tickets is 4 to 9 , If mrs tucker purchases 117 raffle tickets how many
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First, we need to calculate the total number of parts in the ratio: 4 + 9 = 13 This means that for
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If 1000 raffle tickets were sold for a TV prize that is worth $275 and a ticket number is drawn to determine the winner, what is
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To calculate the expected value of the raffle, you need to multiply the probability of winning by
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Suppose you are selling raffle tickets for $3.00 each. You have the following prizes.1 grand prize of $150
1 prize of $75 1 prize
Top answer:
166.66 or 167 500/3= 166.666666666667
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five hundred raffle tickets are sold for $2 each. one prize of $400 is to be awarded. raul purchases one ticket. what is his
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$1000 in and $400 out :) chance of winning = 1/500 value = 400/500 = 80 cents
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