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A small-time bingo card costs P100.00 for 5 games. The prize for the first three games is P5,000.00, the fourth is P10,000.00 and the last
A small-time bingo card costs P100.00 for 5 games. The prize for the first three games is
P5,000.00, the fourth is P10,000.00 and the last prize is P20,000.00. If 1,000 bingo cards
are going to be sold and you could only win once, what is the expected value of a ticket?
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