Ask Question
18 July, 22:28

There is a 3/4 chance you could win $100,000.00 in tomorrow's Irish sweepstakes. How much would you pay for a ticket? (Hint: find the theorethical value of a ticket.)

+1
Answers (1)
  1. 19 July, 02:19
    0
    ticket price will be $75000

    Step-by-step explanation:

    Given data

    win amount = $100000

    chance = 3/4

    to find out

    How much would you pay for a ticket

    solution

    we know that chance of win is 3/4 of amount

    so here amount is $100000

    so ticket price will be = 3/4 * 100000

    = 0.75 * 100000

    = 75000

    ticket price will be $75000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “There is a 3/4 chance you could win $100,000.00 in tomorrow's Irish sweepstakes. How much would you pay for a ticket? (Hint: find the ...” 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