You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery. In this lottery there are one $460 prize, two $80 prizes, and four $20 prizes. Find your expected gain or loss.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery. In this ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The absolute value of the price elasticity of demand for ground beef has been estimated to be 1.0. if mad cow disease strikes the united states and a large percentage of the cattle are removed from the market, how will that affect total expenditures
Answers (1)
An election to determine a party's candidate for office in which that party's members and unaffiliated voters may vote.
Answers (1)
When mary does gymnastics for two hours and her grade on the economics test?
Answers (1)
Suppose g is a function which has continuous derivatives, and that
Answers (1)
Since world war 2 international trade had
Answers (2)
New Questions in Business
True or False: When a country is too small to affect the world price, allowing free trade will have a non-negative effect on total surplus in that country, regardless of whether it imports or exports as a result of international trade. True False
Answers (1)
Assume Canada can either produce three bushels of barley or six bushels of hay in a set period of time, and China can produce either two bushels of barley or three bushels of hay in a set period of time.
Answers (1)
The financial statements for Harold Corporation contained the following information: Accounts receivable $ 5,000 Sales revenue 75,000 Cash 15,000 Salaries and wages expense 20,000 Rent expense 10,000 How much was Harold's net income?
Answers (1)
Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan. what is nastasha's adjusted gross income? a. $109,971 b. $22,887 c.
Answers (1)
Debra notes that theo chocolate has started holding its own operations to the same imo standards of fair trade to which it holds its suppliers. this type of sends a powerful message to employees and customers.
Answers (1)