Make a plan for a Christmas raffle bonanza in which the PWD (Person With Disability) will be the beneficiaries. The plan should consist of the number of tickets to be sold, the amount per ticket, and the number of winners and their corresponding prizes. Let X be the random variable representing your net gain per ticket, and compute the expected value of X and the net gain if all tickets will be sold out. Also, prepare a sample of your ticket. You may use the sample guide below:

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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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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Make a plan for a Christmas raffle bonanza in which the PWD (Person With Disability) will be the beneficiaries. The plan should consist of the number of tickets to be sold, the amount per ticket, and the number of winners and their corresponding prizes. Let X be the random variable representing your net gain per ticket, and compute the expected value of X and the net gain if all tickets will be sold out. Also, prepare a sample of your ticket. You may use the sample guide below:

Name of Project
Brief Description
Number of tickets to be sold
Price of ticket to be sold
Winners and prizes:
Expected Value of X:
|(Please show the probability
distributions and your solution)
Net Gain of the Project:
Sample Ticket:
Transcribed Image Text:Name of Project Brief Description Number of tickets to be sold Price of ticket to be sold Winners and prizes: Expected Value of X: |(Please show the probability distributions and your solution) Net Gain of the Project: Sample Ticket:
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