A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of $25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each. Fill in the missing values on the probability distribution below Prize Probability 1/1324 1313/1324 0 10/1324 1315/1324 1000 1/1324 25 10/1324 0 ???
A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of $25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each. Fill in the missing values on the probability distribution below Prize Probability 1/1324 1313/1324 0 10/1324 1315/1324 1000 1/1324 25 10/1324 0 ???
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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answer the questions in the picture please.
![A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of
$25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each.
Fill in the missing values on the probability distribution below
Prize
Probability
1/1324
1313/1324
10/1324
1315/1324
1000
1/1324
25
10/1324
0
???](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3bafc9f5-ab06-4d2d-99ab-a9d05f3d45cb%2Fca118010-c177-4488-aca7-52b87cdc5bb0%2Foxllxga_processed.png&w=3840&q=75)
Transcribed Image Text:A raffle sells 1,324 tickets. There is 1 grand prize which is $1000, but there are 10 smaller prizes of
$25 each. What is the expected value of a raffle ticket if the tickets sell for $10 each.
Fill in the missing values on the probability distribution below
Prize
Probability
1/1324
1313/1324
10/1324
1315/1324
1000
1/1324
25
10/1324
0
???
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