Raffle sells 2500 tickets at $8 each winning prizes 30 at $100, 10 at 500$ , one at $8000. your means/expected value of X = -1.60 If you were to play in such a raffle 100 times what is the expected net gain?
Raffle sells 2500 tickets at $8 each winning prizes 30 at $100, 10 at 500$ , one at $8000. your means/expected value of X = -1.60 If you were to play in such a raffle 100 times what is the expected net gain?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 34PT
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Raffle sells 2500 tickets at $8 each winning prizes 30 at $100, 10 at 500$ , one at $8000.
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If you were to play in such a raffle 100 times what is the expected net gain?
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