Problem 3 At a raffle, there is a grand prize of $200 and five consolation
prizes of $20.
Th...
Mathematics, 01.02.2022 07:20 scottbrandon653
Problem 3 At a raffle, there is a grand prize of $200 and five consolation
prizes of $20.
They sell 500 tickets.
At the end of the day, six winning tickets are drawn at random - meaning
that every ticket sold has the same probability of 1/500 to win any one of
the six prizes.
a) What are the expected winnings of this game (the expected value of the
amount one ticket wins)?
b) One ticket costs $3. What is the expected value of one ticket? Please
show work - the answer alone will not get full credit.
Answers: 1
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Mathematics, 21.06.2019 21:40, Blakemiller2020
Which of the following best describes the graph below? + + 2 + 3 + 4 1 o a. it is not a function. o b. it is a one-to-one function. o c. it is a many-to-one function. o d. it is a function, but it is not one-to-one.
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