Question
A college foundation raises funds by selling 600 raffle tickets for a new car worth $45,000 at $150 each. (a) Find the expected net winnings
A college foundation raises funds by selling 600 raffle tickets for a new car worth $45,000 at $150 each.
(a) Find the expected net winnings of a person buying one of the tickets.
(b) Find the total profit for thefoundation, assuming they had to purchase the car.
(c) Find the total profit for thefoundation, assuming the car was donated.
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Essentials Of College Algebra
Authors: Margaret L Lial, John E Hornsby, David I Schneider, Teresa McGinnis
10th Edition
0321970632, 9780321970633
