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 aperson purchases one ticket?Select the correct response:4514.9985-14.99-85-4599.9

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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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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?