PLEASE HELP!!: 600 raffle tickets were sold for $5 each. There is one $500 first prize and three $200 second prizes. The remaind
er of the tickets do not win anything. What is the expected value of this raffle?
1 answer:
You might be interested in
The value of the term in the series will be equal to 3 + 12 +48 + 192 after calculation.
<h3>What is summation?</h3>In mathematics, the summation is the addition of a sequence of any kind of numbers, called addends or summands.
Now we have a given term
By solving the above term;
Hence the value of the term in the series will be equal to 3 + 12 +48 + 192 after calculation.
To know more about Summation follow