2 years ago

17) 100 raffle tickets are sold at $5 a piece.

1 answer:

Softa [21]2 years ago

6 0

The total prize money is 200+100 which is 300

There is 100 tickets sold for $5 each so the people selling the tickets earn $500 and use $300 for prize money.

The expected value of 1 ticket is $5.00

If you still have any questions feel free to comment below

Hope this helped<3

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