Mathematics, 26.04.2021 15:50 bionicboy03120440

In a raffle, one ticket will win a $270 prize, one ticket will win
a $160 prize, and the other tickets will win
nothing. There are 250 in the raffle, each
costing $15. If you buy a ticket, what is the
expected profit?

Answers: 3

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In a raffle, one ticket will win a $270 prize, one ticket will win
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More questions: Mathematics Another questions

In a raffle, one ticket will win a $270 prize, one ticket will win a $160 prize, and the other tickets will win nothing. There are 250 in the raffle, each costing $15. If you buy a ticket, what is the expected profit?

Answers

Another question on Mathematics

In a raffle, one ticket will win a $270 prize, one ticket will win
a $160 prize, and the other tickets will win
nothing. There are 250 in the raffle, each
costing $15. If you buy a ticket, what is the
expected profit?