One thousand raffle tickets are sold at P100 each for a prize of a colored television values at P15,000. What is the expected value of the gain if a person purchases one ticket?
One thousand raffle tickets are sold at P100 each for a prize of a colored television values at P15,000. What is the expected value of the gain if a person purchases one ticket?
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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person purchases one ticket?
Select the correct response:
45
14.99
85
-14.99
-85
-45
99.9"
Transcribed Image Text:One thousand raffle tickets are sold at P100 each for a prize of a colored television values at P15,000. What is the expected value of the gain if a
person purchases one ticket?
Select the correct response:
45
14.99
85
-14.99
-85
-45
99.9
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