The PTO is selling raffle tickets to raise money forclassroom supplies. A raffle ticket costs $3. Thereis 1 winning ticket out of the 130 tickets sold. Thewinner gets a prize worth $68. Round your answersto the nearest cent.What is the expected value (to you) of one raffleticket? $ -2.4769 oCalculate the expected value (to you) if youpurchase 10 raffle tickets. $ 24.7692 ×What is the expected value (to the PTO) of oneraffle ticket? $ 2.4769If the PTO sells all 130 raffle tickets, how muchmoney can they expect to raise for the classroomsupplies? $

Answered: Image /qna-images/answer/4b15402c-9a69-4872-9f77-17f32ed94ee1.jpg

Answered: The PTO is selling raffle tickets to…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 500 tickets. There is one $3,000 grand prize, three $500 second prizes, and seventeen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 500 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.$
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 800 tickets. There is one $2,000 grand prize, two $400 second prizes, and eleven $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 700 tickets. There is one $1,000 grand prize, three $400 second prizes, and fifteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 600 tickets. There is one $2,000 grand prize, three $400 second prizes, and twelve $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
P(Z = 0.76) = 0.71 0.22 0.29 0.78
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 900 tickets. The raffle has: one $3,000 grand prize, two $500 second prizes, and fifteen $20 third prizes. You just bought one ticket. Find the expected value for your profit. Round to the nearest cent.$
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 600 tickets. There is one $1,000 grand prize, four $ 200-second prizes, and fifteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 800 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 700 tickets. There is one $2,000 grand prize, four $400 second prizes, and fourteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 800 tickets. There is one $1,000 grand prize, four $300 second prizes, and seventeen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.$
the student council is hosting a drawing to raise money for scholarships. they are selling tickets for $8 each and will sell 500 tickets. there is one $3000 grand prize, three $500 second prizes , and eleven $30 third prizes. you just bought a ticket. find the expected value for your profit. round to nearest cent.

SEE MORE QUESTIONS

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS