Answer: The expected value of purchasing a raffle ticket would be $0.3449.
Step-by-step explanation:
Since we have given that
Number of tickets = 5500
Number of flower arrangements = 20
Number of gift certificates = 20
So, Probability that wining $70 at flower arrangement =
Probability that wining $25 at gift certificates =
So, Expected value of purchasing a raffle ticket would be
Hence, the expected value of purchasing a raffle ticket would be $0.3449.
<h3>
Answer: 22 square inches</h3>
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Explanation:
The white rectangle is 3 by 6 with area of 3*6 = 18 square inches.
The larger rectangle is 8 by 5 with area of 8*5 = 40 square inches.
The difference of these will get us the shaded area:
40 - 18 = 22 square inches
The number of years it would take to double his money is 34.7 years.
<h3>How long would it take to double his money?</h3>
The formula that can be used to determine time is:
Number of years = In(FV/PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
- FV / PV = 2
In2 / 0.02 = 34.7 years
To learn more about doubling time, please check: brainly.com/question/25770999
2 2/3 × 4 = 10 2/3
Conner needs 10 2/3 cups of milk.
{ I hope this helped! }