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Verdich [7]
3 years ago
8

A charity is selling raffle tickets at $5 apiece. Out of the 100 tickets sold, ten third-place winners will be drawn, each winni

ng $20. Five second-place winners will be drawn, each winning $50. Lastly, one grand prize of $100 will be awarded. Is a raffle with these rules a good idea for the charity? Why or why not?
Mathematics
2 answers:
Eduardwww [97]3 years ago
5 0
The Answer is No because that will replace with 0.50cents
Vsevolod [243]3 years ago
3 0
The answer is <span>No, because one ticket’s expected value is worth $0.50 more than the face value. </span>
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