Question
The Math Is Cool club is having a raffle.There is one First Prize of $150and 5Honorable Mention prizes of$45each.Ticketswill cost $2.50each and they plan to
The Math Is Cool club is having a raffle.There is one First Prize of $150and 5Honorable Mention prizes of$45each.Ticketswill cost $2.50each and they plan to sell 2500 tickets.Use this information to answer the questions below.Round decimal answers to2decimal places.
a.What is the expected value of this raffle?____________________
b.Suppose you buy 6 tickets.How much money can you expect to win/lose with your6tickets?
Type "win" or "lose", without the quotes_________________$ ____________________
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Mcdougal Littell High School Math Algebra 1 2012
Authors: Ron Larson, Laurie Boswell, Timothy D. Kanold, Lee Stiff
1st Edition
9780547476841, 0547476841
