The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out

Question

2 years ago

11

The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out

of the 140 tickets sold. The winner gets a prize worth $84. Round your answers to the nearest cent.
What is the expected value (to you) of one raffle ticket? $

Mathematics

1 answer:

Effectus [21] · Answer 1 · 2022-06-17T14:17:30+03:00

Effectus [21]2 years ago

5 0

Answer:

They will receive $220, and they will pay out $88. They will raise $132.