a) what is the probability that you will win  b) what are your expected earnings  c) what have you effectively contributed to the fundraiser

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.1: Percents And Fractions
Problem 29E
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You purchased a single ticket for $5 and there were 700 tickets sold. The top prize to be won is $250. 
a) what is the probability that you will win 

b) what are your expected earnings 

c) what have you effectively contributed to the fundraiser

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