Bernard typically runs x km/hour. While he was sick, he only ran 41. 5 km/hour. What equation represents that the difference in
2 answers:
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Answer: The expected value of purchasing a raffle ticket would be $0.3449.
Step-by-step explanation:
Since we have given that
Number of tickets = 5500
Number of flower arrangements = 20
Number of gift certificates = 20
So, Probability that wining $70 at flower arrangement =
Probability that wining $25 at gift certificates =
So, Expected value of purchasing a raffle ticket would be
Hence, the expected value of purchasing a raffle ticket would be $0.3449.