You purchase a raffle ticket to out a charity. the raffle ticket costs $5. the charity is selling 2000 tickets. one of them will be drawn and the person holding the ticket will be given a prize worth $4000. compute the expected value for this raffle.

-$3

Explanation:

Data provided in the question:

Cost of raffle ticket = $5

Number of tickets sold = 2000

Probability of winning = 1 ÷ 2000 = 0.0005

Winning prize = $4,000

Now,

The expected value of prize =  Probability of winning × Winning prize

= 0.0005 × $4,000

= $2

Therefore,

The expected value for this raffle

= expected value prize - Cost of raffle ticket

= $2 - $5

= -$3

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

answer; that person may have a larger tax bill to pay on income taxes;