The board members of a cooperative are planning to sell 1,250 tickets for a fund-raising project. One ticket costs 50 php and the jackpot prize costs 25,000 php. What is the expected earning of an individual for this raffle? Round-off your answer to the nearest peso. E(X) = Blank 1

MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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The board members of a cooperative are planning to sell 1,250 tickets for a fund-raising project. One ticket costs 50 php and the
jackpot prize costs 25,000 php. What is the expected earning of an individual for this raffle? Round-off your answer to the nearest
peso.
E(X) = Blank 1
Transcribed Image Text:The board members of a cooperative are planning to sell 1,250 tickets for a fund-raising project. One ticket costs 50 php and the jackpot prize costs 25,000 php. What is the expected earning of an individual for this raffle? Round-off your answer to the nearest peso. E(X) = Blank 1
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