Ask Question
Today, 10:51

One thousand raffle tickets are sold at $2 each. Six prizes will be awarded, one first prize worth $500, two second prizes worth $300 and three third prizes worth $100. Oliver purchases one of the tickets. Find his expectation.

+1
Answers (1)
  1. Today, 13:11
    0
    Oliver would have a 1/1000 chance of getting $500, a 2/1000 chance of earning $300, and a 3/1000 in earning $1000. He would have a 994/1000 chance of making no money back
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “One thousand raffle tickets are sold at $2 each. Six prizes will be awarded, one first prize worth $500, two second prizes worth $300 and ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers