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29 August, 18:08

A raffle is held. There are 100 tickets, each selling for $10. Sole prize is a $400 laptop

computer. What is the expected value? (don't type in $ sign)

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  1. 29 August, 19:40
    0
    70 dollars less than what it is
  2. 29 August, 20:59
    0
    600

    Step-by-step explanation:

    The total value of the tickets is 100*10=1000

    However the expenses are 400 for computer.

    That means the expected value is 1000-400=600
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