For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1 ticket. Using this information, complete the probability distribution. Enter the probabilities as fractions using / for the division bar. x → Net Win or Loss P(x) → Probability Win Lose Round answers to the nearest hundredth, if necessary. 1. What is the expected value? 2. Is this game fair? 3. The ticket cost $2, so, in the long run, you should expect to 4. What is the standard deviation? %24 %24

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Raffle Fundraiser
For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1
ticket. Using this information, complete the probability distribution.
Enter the probabilities as fractions using / for the division bar.
x → Net Win or Loss P(x) → Probability
Win
Lose
Round answers to the nearest hundredth, if necessary.
1. What is the expected value?
2. Is this game fair?
3. The ticket cost $2, so, in the long run, you should expect to
4. What is the standard deviation?
Check
evious page
Next page
MacBook Air
888
F4
F3
F5
F7
F8
23
$
%
&
*
2
5
7
9
Q
W
E
S
D
F
G
I
Transcribed Image Text:Raffle Fundraiser For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1 ticket. Using this information, complete the probability distribution. Enter the probabilities as fractions using / for the division bar. x → Net Win or Loss P(x) → Probability Win Lose Round answers to the nearest hundredth, if necessary. 1. What is the expected value? 2. Is this game fair? 3. The ticket cost $2, so, in the long run, you should expect to 4. What is the standard deviation? Check evious page Next page MacBook Air 888 F4 F3 F5 F7 F8 23 $ % & * 2 5 7 9 Q W E S D F G I
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