Mathematics, 14.12.2020 22:20 chris4212

A local book shop is selling $1 raffle tickets and is donating all proceeds to a local charity. They sold 6,500 tickets and plan to give away 30 gift certificated worth $25
and 50 gift certificates valued at $15.
1. Find the expected value of purchasing a raffle ticket. Round to the nearest
cent.
2. Explain what the expected value means in terms of the donation to the
charity.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 20.06.2019 18:04, kkartes753

Mr. bernard needs to order more boxes for his 16 inch diameter “super pizza.” use 3.14 to approximate π.

Answers: 1

continue

Mathematics, 21.06.2019 15:30, bankzdown

Kevin is an insurance salesman. when he sells a policy, he makes 20 percent of the policy premium (p) up front; then each year the policy is active, he receives 15 percent of the original premium. which equation could be used to figure his total commission on a policy that has been active for five years? c=0.80p c=0.20p + 0.15p c=0.35p + 4(0.15) c=0.95p

Answers: 1

continue

Mathematics, 21.06.2019 16:00, brenna209

Find the equation of the trend line (line of best fit). show your work i'm using the points (34,76) (42,91)

Answers: 2

continue

Mathematics, 21.06.2019 17:00, aminamuhammad11

Suppose i flip two identical coins. what is the probability that i get one head and one tail?

Answers: 2

continue

You know the right answer?

A local book shop is selling $1 raffle tickets and is donating all proceeds to a local charity. The...