math
posted by k .
Seven thousand raffle tickets are to be sold at $10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows:
Prize Number to Be
Given Away Dollar Value
Automobile 2 $21,730
Entertainment center 5 4,191 each
DVD recorder 4 610 each
Gift certificate 55 22 each

If you buy one ticket, calculate your expected winnings. (Form the probability distribution of x = your dollar winnings, and remember to subtract the cost of your ticket.)

gweg
Respond to this Question
Similar Questions

Math
Seven thousand raffle tickets are to be sold at $10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows: Prize Number to Be … 
Statistics
Seven thousand raffle tickets are to be sold at $10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows: Prize Number to Be … 
statistics
Five thousand raffle tickets are to be sold at $10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows: Prize Number to Be Given … 
stats math
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 of $50 1 prize of $25 5 prizes of $10 each A total of 500 raffle tickets are sold. What is the expected … 
College Math
Volunteers working to raise funds for a new community library sold 1000 raffle tickets at $10 each. Tickets are to be randomly drawn and prizes are awarded as follows: one prize of $1,000, twenty prizes of $50 and one hundred prizes … 
Math
Volunteers working to raise funds for a new community library sold 1000 raffle tickets at $10 each. Tickets are to be randomly drawn and prizes are awarded as follows: one prize of $1,000, twenty prizes of $50 and one hundred prizes … 
math
Ten thousand raffle tickets are sold. 1 first prize of $1800, 3 second prizes of $600 each, and 9 third prizes of $200 each are to be awarded, with all winners selected randomly. If you purchase one ticket, what are your expected winnings? 
Math
it cost $2 to buy a raffle ticket. if there are 500 tickets sold, and there is one first prize of $250, three second prizes of $100, and five third prizes of $50, what is the expected value of this raffle? 
Math/Probability/Statistics
Find the expected value and the standard deviation in the following raffle: Value Tickets Grand Prize: $2,000.00 1 Second Place Prize: $800.00 20 Third Place Prize: $40.00 60 Fourth Place Prize: $30.00 300 Total Number of Tickets Sold: … 
Stats
charity sells $6 raffle tickets first prizes to trace worth $3,000 2nd prize of $600 third prize is $40 and fourth prize $15 they sell 600 tickets what is the expected value