Statistic

posted by .

200 tickets are sold to a raffle. It costs $5 to buy a ticket. There is one first prize winner and one second prize winner. First prize is $500. Second prize is $250. What is the value of playing this game?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    Debra is buying prizes for a game at her school's fundraiser. The game has three levels of prizes, and she has already bought the second and third prizes. She spent $1.54 on each second place prize and $0.77 on each third place prize. …
  2. 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 …
  3. math

    100 raffle tickets are sold for 3 dollars each. One prize of 200 is to be rewarded. Raul purchased 1 ticket. what is his expected value and what his his fair prize
  4. Math

    200 tickets are sold to a raffle. It costs $5 to buy a ticket. There is one first prize winner and one second prize winner. First prize is $500. Second prize is $250. What is the value of playing this game?
  5. stat

    200 tickets are sold to a raffle. It costs $5 to buy a ticket. There is one first prize winner and one second prize winner. First prize is $500. Second prize is $250. What is the value of playing this game?
  6. Statistics

    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?
  7. statistics

    1000 raffle tickets are sold and the winner is chosen at random there is only one prize $500 in cash you buy one ticket(a) what is the probability you will win the prize of $500 (b) your expected earnings can be found by multiplying …
  8. 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?
  9. 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: …
  10. math

    50 people purchase raffle tickets 3 winning tickets are selected at random if the first prize is $1,000, second prize is $500, and third prize is $100 in how many different ways can the prizes be awarded and is this a permutations …

More Similar Questions