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One thousand raffle tickets are sold for 4.00 each. one grand prize of $800 and two consolation prizes of $ 100 each will be awarded. Jeremy purchases one ticket. Find his expected value.
asked by angela on July 24, 2012 
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One thousand raffle tickets are sold for $4.00 each. One grand prize of $800 and two consolation prizes of $100 each will be awarded. Jeremy purchases one ticket. Find his expected value.
asked by Jen on July 19, 2011 
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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
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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 of $50 1 prize of $25 5 prizes of $10 each A total of 500 raffle tickets are sold. What is the
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One thousand raffle tickets are sold for $1.00 each. One grand prize of $400 and two consolation prizes of $100 each will be awarded. Jeremy purchases one ticket. Find his expected value. ??
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One thousand raffle tickets are sold for $1.00 each. One grand prize of $200 and two consolation prizes of $50 each will be awarded. Jeremy purchases one ticket. Find his expected value. Show your work for full credit.
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A lottery offers one $800 prize, one $400 prize, and ten $80 prizes. One thousand tickets are sold at $3 each. Find the expectation if a person buts two tickets. Assume that each ticket can win more than one prize.
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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?
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100 raffle tickets are sold for $3 with one grand prize of $200. Julie purchased one ticket. What is her expectation?
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One thousand raffle tickets are sold for 1 dollar each, one prize of 800.00 dollars is to be awarded. Rene Condos purchases one ticket a) Determine her expected value? b) Determine the fair price of a ticket?
asked by David on June 3, 2016