Mathematics, 08.03.2021 08:10 Brandonjr12
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?
The answers are
$300.00
$9.50
$0.50
$-0.50
$-9.50
Answers: 1
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