1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tpy6a [65]
3 years ago
14

At a raffle, 1000 tickets are sold for $5 each. There are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. Suppos

e you buy one ticket. 1. Use the table below to help you construct a probability distribution for all of the possible values of X and their probabilities.
2. Find the mean (expected value) of your net gain X, and interpret what this value means in the context of the game.
3. If you play in such a raffle 100 times, what is the expected value of your net gain? (Hint: Use your answer from #2.)
4. What ticket price would make it a fair game? (The game is “fair” if the money is balanced so that neither side, the players or the organizers of the raffle, wins/loses money on average.)
5. Would you choose to play the game? In complete sentences, explain why or why not.
6. If you were organizing a raffle like this, how might you adjust the ticket price and/or prize amounts in order to make the raffle more tempting while still raising at least $2000 for your organization?
Mathematics
1 answer:
postnew [5]3 years ago
5 0
Ducks can fly so good.....ITS 3/4
You might be interested in
What is the repeating decimal for 8/11
Tamiku [17]
8 ÷ 11 = 0.72727272...
Therefore, decimal '72' is repeating
3 0
3 years ago
Can anyone help me I’m<br> Having slot of trouble
Luda [366]
The answe The answer would be C
6 0
2 years ago
Read 2 more answers
At Josephine's birthday party, the guests ate 0.6 of the birthday cake. Josephine and her sister decided to eat 0.3 of what was
Semenov [28]

Answer:

0.4*0.3=0.12.

Step-by-step explanation:


5 0
3 years ago
Read 2 more answers
What is the y-value in the solution to this system of linear equations?
baherus [9]

Answer:

Option  A.)−4

Step-by-step explanation:

we have

4x+5y=-12 -----> equation A

-2x+3y=-16 -----> equation B

Solve the system of equations by elimination

Multiply the equation B by 2

2*(-2x+3y)=-16*2

-4x+6y=-32 -----> equation C

Adds equation A and equation C

4x+5y=-12

-4x+6y=-32

-----------------

5y+6y=-12-32

11y=-44

y=-4

4 0
3 years ago
Read 2 more answers
Steve ran a distance of 150 meters in 1 1/2 minutes. What is his speed in meters per<br> hour?
WITCHER [35]

Answer:

600/mph

Step-by-step explanation:

4 0
2 years ago
Other questions:
  • If a space of 18 inches is allowed for each person, how many persons can be seated in a row of bleacher seats 90 feet long?
    15·1 answer
  • Item 5
    7·1 answer
  • Q # 7 please help to solve
    6·1 answer
  • Find cotx if sinx cotx cscx = sqrt2
    15·1 answer
  • What is the radical equivalent for 197^7/8?
    13·1 answer
  • A building across the street casts a shadow that is
    8·1 answer
  • A stadium's normal ticket price is $78. As a special promotion they offer 15% off. What is the price of the discounted ticket?
    8·2 answers
  • @bobross plz help I have another question
    9·2 answers
  • Find the LCM of the numbers using lists of multiples.
    5·2 answers
  • 10 points (d+6)(2d2−d+7)
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!