Mathematics

Walter Howe

1 April, 21:53

1) 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?

O

- $0.50

O $300.00

O $9.50

O - $9.50

+1

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