A raffle has a grand prize of a Caribbean cruise valued at $9000 with a second prize of a weekend in San Diego valued at $1300. If each ticket costs $4 and 10600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents). Answer: $
A raffle has a grand prize of a Caribbean cruise valued at $9000 with a second prize of a weekend in San Diego valued at $1300. If each ticket costs $4 and 10600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents). Answer: $
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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are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Answer: $"
Transcribed Image Text:A raffle has a grand prize of a Caribbean cruise valued at $9000 with a second prize of a weekend in San Diego valued at $1300. If each ticket costs $4 and 10600 tickets
are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Answer: $
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