Mathematics, 18.12.2019 03:31 cmb6627
Six hundred chances are sold at $3 apiece for a raffle. there is a grand prize of $700, two second prizes of $200, and five third prizes of $50. first calculate the expected value of the lottery. determine whether the lottery is a fair game. if the game is not fair, determine a price for playing the game that would make it fair.
Answers: 1
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Six hundred chances are sold at $3 apiece for a raffle. there is a grand prize of $700, two second p...
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