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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
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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 the expected value of the raffle?
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A school is running a raffle. There are 100 tickets, of which 3 are winners. You can assume that tickets are sold by drawing at random without replacement from the available tickets. Teacher X buys 10 raffle tickets, and so does
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A school is holding a Fixed Raffle, where only a certain number of raffle tickets can be sold. The school sold 970 of these tickets for $10 each. One of the tickets will win $2910, two tickets will win $970, and 5 tickets will
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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 into a hat and a teacher picks out two tickets which have numbers i and j from the hat. What is the
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Mrs. Rodrigues was selling two kinds of raffle tickets for $1.50 and $3.50. The number of $1.50 tickets sold was 5 more than three times the number of $3.50 tickets sold. She earned a total of $1,607.50. How many $1.50 tickets
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Mrs. Rodrigues was selling two kinds of raffle tickets for $1.50 and $3.50. The number of $1.50 tickets sold was 5 more than three times the number of $3.50 tickets sold. She earned a total of $1,607.50. How many $1.50 tickets
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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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The Pike basketball team held a raffle to earn money for a trip to an out of state basketball tournament. Tickest for the raffle were sold for either $5 or $2. The team sold a total of 500 tickets for a total of $1,450. How many
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Tickets numbered 1 to 1000 were sold in a raffle for which there was one prize. Mr Kahn bought all the tickets containing at least one '3' because '3' was his lucky number. What was the probability of Mr Kahn winning?
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