Probability Question - StudentOfFortune.com

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Asked by:

peacefullylost
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$1.00 Probability Question

From Mathematics: Probability , Mathematics: General-Mathematics
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Due on Dec. 21, 2008
Asked on Dec 20, 2008 at 11:05:41PM

Q:
A campus club sells 500 raffle tickets at a price of $2 each. The raffle offers one $100 dollar prize, two $50 prizes, and five $25 prizes. What is the expected value of a raffle ticket?

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Posted by:

jotag1714
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$0.75 here is the answer

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Posted on Dec 20, 2008 at 11:11:14PM

A:
Preview: ... e 1000-325 = $675 dividing it by the to ...

The full tutorial is about 30 words long .

Posted by:

chrisinkansas

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$0.95 Detailed Answer. Work shown. A+

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Posted on Dec 20, 2008 at 11:12:36PM

A:
Preview: ... 000 1×100 2×50 ...

The full tutorial is about one word long .

Posted by:

sudipta

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$0.95 Full detailed A+ answer

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Posted on Dec 20, 2008 at 11:17:28PM

A:
Preview: ... of winning a $25 prize = 5/500 Probability of not winning = 1 - 1/500 - 2/5 ...

The full tutorial is about 70 words long plus additional clarification.