The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w

Question

3 years ago

10

inner is drawn at random. Find the expected value of the purchase of a ticket.

2 answers:

levacccp [35] · Answer 1 · 2022-09-20T19:07:59+03:00

Answer:

Expected value of the purchase of a ticket would be $3.00.

Step-by-step explanation:

The PTA is holding a raffle. Each raffle ticket costs $5.00.

The prize is a camera worth $200.

One hundred tickets are sold = 100 × 5 = $500.00

winner is drawn and given the prize of worth $200.

$500 - $200 = $300

So the expected value of the purchased ticket = $\frac{300}{100}$ = $3.00

Expected value of the purchase of a ticket would be $3.00.

mylen [45] · Answer 2 · 2022-09-20T17:44:44+03:00

mylen [45]3 years ago

4 0

Answer: -$3.00

Step-by-step explanation:(1/100)(200-5)-(99/100)5= -$3.00/ticket

I really hope this helps. So sorry if it doesn't