Five thousand tickets are sold at​ $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes awarded as​ follows: 1 prize of ​$900900​, 3 prizes of ​$200200​, 5 prizes of ​$2020​, and 20 prizes of​ $5. What is the expected value of this raffle if you buy 1​ ticket?

Q: Find the expected gain or loss per ticket for a raffle with a grand prize of $1,000. A total of 100…

A: Given data: Total tickets = 100 Tickets sold price = $20 Grand price  = $1000 To find: Expected gain…

Q: One thousand tickets are sold at $1 each for a color television valued at $350. What is the expected…

A: The probability for a value of random variable represents the chances of getting the specific value…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: The net gain for each prize is,

Q: At a local fair, a raffle is being held. There were 1,067 tickets were sold for $10 each. There is…

A:

Q: What are the odds of winning a raffle where 50 tickets were sold for a single $40 prize?

A: Solution

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

Q: Belk Department Store is having a special sale this weekend. Customers charging purchases of more…

A: From the provided information,Prize amount (x)Probability P(x)100.50250.40500.081000.02

Q: find the probability of winning third prize — that is, picking 2 of the 4 winning numbers — with a…

A:

Q: A local flower shop is selling $1 raffle tickets and is donating all proceeds to the children's…

A: The total income generate from the raffle tickets sold is $5500 Gifts are : 20 flower =$70…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given information- We have given that the student council is hosting a drawing to raise money for…

Q: A person gets to draw one card at random from a jar with four cards for a cash price . The card…

A: Given No. of randomly selected draw card=1 Total cards in jar=4 Card values =1, 2, 4, and 5

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: From the given information we want to find expected value of profit.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: It is requested to calculate the expected profit for one ticket. Cost of one ticket = $ 8 Total…

Q: Louis is paid Php 20.00 whenever the results of tossing two coins are both heads but pays Php 10.00…

A: When a coin is tossed then there are 2 possible outcomes: Head and tail. Let us denote H=head T=tail…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given information One ticket will win $2000 grand prizes four ticket will win $400 grand prizes…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: Emily has $10000 to invest in Apple stock. In the next month, the stock has a 30% chance of gaining…

A: Total amount for investment = $10000.The probability distribution for the provided data is:

Q: at a raffle, 1500 tickets are sold at $2 each for four prizes of $500, $250, $150, and $75.  You buy…

A: Expected value:The expected value of a random variable is the sum of the possible values that the…

Q: 1000 raffle tickets are sold. There will be one first prize of $1000 and one second price of $500.…

A: The given chart is, Outcome = X $1000 $500 $0 Probability = PX 0.001 0.001 0.998

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: Professor Ramos will participate in a lottery that will be played by 165 participants. He buys a…

A: The question is about expected value.Given :Total no. of participants = 165Cost of ticket =…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: We have to find expected value.

Q: t a raffle, 500 ticket are sold at $4 each. There are twenty $10 prizes, four $50 prizes, and one…

A: Let X be a random variable such that X: Gain or loss in buying one ticket in dollars X -4 10 50…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given: $10 each and sell 800 tickets one $1000 ground prize four $ 200-second prize fifteen $20…

Q: If you pay the $5 price to buy one ticket for the PTK Thanksgiving fundraiser, what is the expected…

A:

Q: Finn and James are going to have a movie night this weekend. Together, they have 42 movies. If they…

A: n=number of movies= 42 choose two movies randomly and both are different.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given: The student council is hosting a drawing to raise money for scholarships. Cost of one ticket…

Q: You just bought one ticket. Find the expected value for your profit

A: here given, The student council is hosting a drawing to raise money for scholarships. They are…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: There are 700 tickets, where price of each ticket is $6.

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Expected value: The expected value of a random variable is the sum of the possible values that the…

Q: A ping pong ball is drawn at random from an urn consisting of balls numbered 2 through 10. A player…

A: Given ,S=2,3,4,5,6,7,8,9,10odd numbers=3,5,7,9even numbers=2,4,6,8,10Podd numbers=49Peven…

Q: If you draw a random card from a standard deck of 52 cards, what are the odds of drawing a jack?…

A: Given data: The total numbers of cards are n=52. The numbers of jacks in the playing deck of the…

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: A booth at the school carnival prepared 30 grab bags offered for sale for $3.00 a bag. Ten bags…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A:

Q: One thousand raffle tickets are sold at P100 each for a prize of a colored television values at…

A: Given that  Number of raffle tickets sold (n) = 1000 Each ticket price = P100 Price of the prize =…

Q: One thousand tickets are sold at P150 each for a color television valued at P54,000. What is the…

A: Solution-: Cost of ticket =P150 Number of tickets=1000 Value of a price =P54000 We find the expected…