Mathematics, 21.05.2021 22:30 auriwhite05
A raffle is being held at a benefit concert. The prizes are awarded as follows: 1 grand prize of
$
5,300.00
, 3 prizes of
$
640.00
, 6 prize of
$
66.00
, and 12 prizes of
$
25.00
.
Suppose
13000
raffle tickets are sold, if you buy one ticket for
$
3.00
then what is your expected value for this raffle?
(Note: Include dollar signs in your answer)
Answers: 1
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A raffle is being held at a benefit concert. The prizes are awarded as follows: 1 grand prize of
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