Answer:
The expected value of the winnings for a single-ticket purchase is -$1.0016.
Step-by-step explanation:
The total number of tickets sold is, <em>N</em> = 1250.
Cost of one ticket is, $4.
Let <em>X</em> = amount of prize.
The prize distribution is as follows:
1 Grand price = $3000
1 Second prize = $450
10 Third prize = $25
The expected value <em>X</em> can be computed using the formula:

Compute the probability distribution of <em>X</em> as follows:
Prize Amount (X) P (X) x · P (X)
1 Grand prize $3000

1 Second prize $450

10 Third prize $25

No prize -$4

TOTAL 1.0000 -1.0016
Thus, the expected value of the winnings for a single-ticket purchase is -$1.0016.
Answer:
$127.45
Step-by-step explanation:
First, subtract 450 from 3,508.80:
3,508.80 - 450 = 3058.8
Then, divide this by 24 to find the monthly payment:
3058.8/24
= 127.45
So, the monthly payment was $127.45
Answer:
4 yards in feet equals 12
4 yards in inches equals 144
Step-by-step explanation:
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Answer:
it's a
Step-by-step explanation: