You have a 10 by 24 piece of cardboard. You are going to cut squares of equal size from each corner, and fold up the sides to ma
ke an open box as shown below. Write an expression for the width of the box.
1 answer:
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Answer:
-$2.32
Step-by-step explanation:
Give that
The selling price per ticket is $9
And the number of tickets sold is 500
So,
There is one grand prize, three $300 second prize, and eleven $40 third prizes
We need to find out the expected value of the profit
= 4 + 1.8 + 0.88
= 6.68
Now the expected profit is
= $6.68 - $9
= -$2.32