Answer:
-3/5
Step-by-step explanation:
put down the 5,0 and 0,3 then simply start at the 5,0 and count up how many boxes it takes to get to the three then count left how many boxes it takes to get to 0 so...3/5. then look at the line. its going down which means it is negative. so the slope is -3/5
Answer:
The expected winnings for a person buying 1 ticket is -0.2.
Step-by-step explanation:
Given : A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 20000 tickets are sold at 25 cents each, find the expected winnings for a person buying 1 ticket.
To find : What are the expected winnings?
Solution :
There are one first prize, 2 second prize and 20 third prizes.
Probability of getting first prize is
Probability of getting second prize is
Probability of getting third prize is
A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each.
So, The value of prizes is
If 20000 tickets are sold at 25 cents each i.e. $0.25.
Remaining tickets = 20000-1-2-20=19977
Probability of getting remaining tickets is
The expected value is
Therefore, The expected winnings for a person buying 1 ticket is -0.2.