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21 September, 06:46

1) The local fire company is having a raffle to raise money for Fourth of July fireworks. They

will sell one thousand tickets at $10 each. They will award one first prize of $300, one second

prize of $150, and one third prize of $50. The other tickets will win nothing. What is the

expected value of a ticket?

O

- $0.50

O $300.00

O $9.50

O - $9.50

+5
Answers (1)
  1. 21 September, 07:11
    0
    negative - $9.50
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