The next two questions refer to the information below. The PTA is holding a raffle to raise money for the elementary school. They are
The next two questions refer to the information below. The PTA is holding a raffle to raise money for the elementary school. They are selling 500 raffle tickets for $5.00 each. They will draw tickets randomly and will be awarding a grand prize of $750, a second prize of $100, and five prizes of $20. Complete the probability distribution table (if all tickets are sold) and answer the questions that follow. Amount of Prize X $750 $100 $20 $0 Probability of Winning P(X) 15) What is the probability of winning nothing? O A O B c [A] 0.002 [B] 0.141 [C] 0.495 [D] 0.500 [E] 0.986
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