Five thousand tickets are sold at $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes awarded a

Question

3 years ago

5

s follows: 1 prize of $900, 3 prizes of $200, 5 prizes of $40, and 20 prizes of $5. What is the expected value of this raffle if you buy 1 ticket?

1 answer:

marysya [2.9K] · Answer 1 · 2022-09-01T11:30:29+03:00

6 0

Answer:

$1,800

Explanation:

Five thousand tickets are sold at​ $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes awarded a