# 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?

1. 👍
2. 👎
3. 👁

## Similar Questions

A school is holding a fundraising raffle. The first prize is \$500, the five second prizes are \$100 each, and the ten third prizes are \$50 each. A total of 2000 tickets were sold at \$5 each. What is the expected payout per ticket?

2. ### math

Alottery has 100 tickerts which are placed in a barrel . Three tickets are drawn at random from the barrel to decide 3 prizes . If john has 3 tickets in the lottery , determine his probability of winning : A.first prize. B.first

3. ### 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

4. ### Algebra

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

1. ### math

A charity raffle offers a first prize of \$1,000,000, a second place prize of \$100,000 and a third place prize of \$10,000. A total of 500 000 tickets will be sold. What price should be charged for a ticket in order for the charity

2. ### math

A charity raffle offers a first prize of \$1,000,000, a second place prize of \$100,000 and a third place prize of \$10,000. A total of 500 000 tickets will be sold. What price should be charged for a ticket in order for the charity

3. ### Math URGENT!!!

Jason bought 10 of the 30 raffle tickets for a drawing. What is the probability that Jason will win all 3 of the prizes if once a raffle ticket wins a prize it is thrown away?

4. ### Math 101

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 wants the first prize to be nice enough to attract people to the game.

1. ### math - expected value and fair price

one hundred raffle tickets are sold for \$3 each. one prize of \$200 is to be rewarded.Lisa purchases one ticket. a- what is her expected value b- what is the fair price for a ticket?

2. ### statistics

A lottery offers one \$900 prize, one \$600 prize, three \$400 prizes, and five \$100 prizes. One thousand tickets are sold at \$6 each. Find the expectation of a person buys five tickets.

3. ### Maths - Probability

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?

4. ### Math

A charity raffle offers a first prize of \$1,000,000, a second place prize of \$100,000 and a third place prize of \$10,000. A total of 500 000 tickets will be sold. What price should be charged for a ticket in order for the charity