Answer:
$4
Step-by-step explanation:
Since for each of the 125 tickets there is an equal chance of winning the 500 dollars, for each ticket there is an expected payoff of 500/125=4 dollars. Hope this helps!
$6.67 is 6.6666 rounded to the nearest cent.
<u>AFTER YOU ANSWER 1000 OR MORE QUESTIONS</u>
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<u>I hope this helps</u> :) God bless
The approximate solution you require is the x coordinate of the point of intersection of the 2 graphs.
