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Mrrafil [7]
3 years ago
13

A charity is selling raffle tickets at $10 apiece. Ten third-place winners will be drawn, each winning $20. Five second-place wi

nners will be drawn, each winning $50. Finally, one grand prize of $200 will be awarded. If 100 tickets are sold, what is the expected value of one ticket?
Mathematics
1 answer:
lara31 [8.8K]3 years ago
5 0
<span>In order to find the expected value, we must calculate the average returns on each ticket. So After doing this, we can say that each ticket will cost $6.50. I hope this is what you were looking for </span>
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