fle is given by the prize for $100 and ctation of this raff

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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A raffle is given by the Friends of the San Joaquin. They sell 100 tickets for $5 each. There is one
first prize for $100 and two second prizes worth fifty dollars each. What is the mathematical
expectation of this raffle?
-$3.25
-$3.00
-$2.75
-$2.60
Transcribed Image Text:A raffle is given by the Friends of the San Joaquin. They sell 100 tickets for $5 each. There is one first prize for $100 and two second prizes worth fifty dollars each. What is the mathematical expectation of this raffle? -$3.25 -$3.00 -$2.75 -$2.60
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