Question
Janet plays a dice game. If A bicycle shop sells 10 , 000 raffle tickets at $ 5 each, raising money for a community park.
Janet plays a dice game. If A bicycle shop sells 10 , 000 raffle tickets at $ 5 each, raising money for a community park. The table below describes the prizes, value of each prize, and how many are being given away. Prize Value Number to be Given Away Bicycle and Helmet $ 180 20 Bicycle $ 150 15 Helmet $ 30 10 What is the expected value of the raffle? Round to the nearest cent. Do not round until the final calculation she rolls a 1 , she wins $ 3 while if she rolls a 2 , she wins $ 1 . If she rolls a 3 , 4 , or 5 , she loses $ 1 and if a 6 is rolled, she doesn't win or lose. Find the expected value of this dice game. Round to the nearest cent. Do not round until the final calculation.
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