Okay if you can’t see it please zoom in and the answers go down the alphabet to the left so please help me check over all of the
se and help me in the marked out ones and the bottom 3
2 answers:
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Answer:
-$2.32
Step-by-step explanation:
Give that
The selling price per ticket is $9
And the number of tickets sold is 500
So,
There is one grand prize, three $300 second prize, and eleven $40 third prizes
We need to find out the expected value of the profit
= 4 + 1.8 + 0.88
= 6.68
Now the expected profit is
= $6.68 - $9
= -$2.32