The "expected value of a ticket" is the probability of being drawn multiplied by the earnings associated to being drawn.
($1 is the price of the ticket which of course can be different).
So in this case probability is 1/2000 and the earnings would be valued $1000 (value of the plasma TV).
The expected value is 1/2000*1000=1000/2000=$0,5
This means you should not buy a $1 ticket to play except if this really brings you LOTS of amusement ;)
Answer:
punany because the circular circumstances say that it is correct
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12500
Step-by-step explanation:
1/8%x1000=12500
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oops sorry didn't mean to post
Answer:
How to be more efficient and how to pay for a project.
Hope it helps!
Step-by-step explanation: