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
Aneli [31]
3 years ago
8

a club is holding a raffle. Ten thousand tickets have been sold for $2 each. There will be a 1st prize of $3000, 3 second prizes

of $1000 each, 5 third prizes of $500 each, and 20 consolation prizes of $100 each. Find the expected winnings of a single ticket
Mathematics
1 answer:
seropon [69]3 years ago
4 0

Answer:

1000(1/20000) +

300(2/20000) +

10(20/20000) +

=

1800/20000 = .09

Step-by-step explanation:

Each ticket purchased is expected to win 9 cents

Each ticket purchased cost 75 cents

If you interpret expected winnings per ticket to include the cost then each ticket is expected to lose 66 cents.

You might be interested in
90 • 4 – 14 ÷ 2 + 102 ÷ 5 • 2
sveta [45]
90*4-14/2+102/5*2

360-7+40,8

393,8
8 0
3 years ago
Read 2 more answers
Do all graphs of linear equations in two variables have a y intercept?
Gelneren [198K]

Answer:

Yes and no because not all are in the y intercept it depends

Step-by-step explanation:

8 0
3 years ago
What coins do you use to make$. 94
serious [3.7K]

3 quarters and a dime a nickel and 4 pennies

7 0
3 years ago
Read 2 more answers
What is the LCD of 2/5 and 4/11
scoundrel [369]
To find the lowest common denominator you need to know the factors of 5 and 11.
So make two lists:
5, 10, 15, 20, 25, 30, and so on.
11, 22, 33, 44, 55, 66, and so on.
Keep doing that until you find the lowest common number in the lists. The LCD will be 55.
3 0
3 years ago
Find the savings plan balance after 18 months with an APR of 3% and monthly payments of $200.
ArbitrLikvidat [17]

The saving plan balance is $3,677.53.

Given that,

  • The no of months is 18.
  • The annual percentage rate is 3% so the monthly rate percentage is 0.25%.
  • And, the monthly payment is $200.

Based on the above information, the following formula should be used:

FVA = PMT×  [(1+r)^n - 1] ÷ r

= $200 × [(1+ 0.0025)^18 - 1] ÷ 0.0025

= $3,677.53

Therefore we can conclude that the saving plan balance is $3,677.53.

Learn more: brainly.com/question/14191332

4 0
3 years ago
Other questions:
  • Please Help! image below
    8·1 answer
  • Anybody know ???????????
    10·1 answer
  • Combine the term : 5n-n
    12·1 answer
  • Which set of numbers is arranged in decreasing order?
    11·2 answers
  • What are the solutions to -x^2+100x
    6·1 answer
  • 603 kg = ____ g what is the answer
    11·2 answers
  • Another question! A piece of fabric costs $5.29 a yard, which is an estimate cost of 16.3
    6·2 answers
  • What is cos (A)?<br> Pls help!!
    10·1 answer
  • Please help!!!!<br> picture below
    15·1 answer
  • It takes a hose 2 minutes to fill a rectangular aquarium 8 inches long, 10 inches wide, and 14 inches tall. How long will it tak
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!