30. Suppose 1000 raffle tickets are sold for $3 each. A prize of $500 will be awarded to one of the ticket holders. Three other ticket holders will be awarded prizes of $300 each. How much should ticket? Round your answer to the nearest cent. e if you purchase one raffle

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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30. Suppose 1000 raffle tickets are sold for $3 each. A prize of $500 will be awarded
to one of the ticket holders. Three other ticket holders will be awarded prizes of $300 each. How much should
you expect to win or lose on average if you purchase one raffle ticket? Round your answer to the nearest cent.
90
17
49
10
9.19
P
Transcribed Image Text:30. Suppose 1000 raffle tickets are sold for $3 each. A prize of $500 will be awarded to one of the ticket holders. Three other ticket holders will be awarded prizes of $300 each. How much should you expect to win or lose on average if you purchase one raffle ticket? Round your answer to the nearest cent. 90 17 49 10 9.19 P
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