The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 260 tickets sold. The winner gets a prize worth of $88. Round answer to the nearest cent. A) What is the expected value (to you) of one raffle ticket? $______ B) Calculate the expected value (to you) if you purchase 10 raffle tickets. $_____ C) What is the expected value (to the PTO) of one raffle ticket? $_______ D) If the PTO sells all 260 raffle tickets, how much money can they expect to raise for the classroom supplies? Thank you
The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 260 tickets sold. The winner gets a prize worth of $88. Round answer to the nearest cent. A) What is the expected value (to you) of one raffle ticket? $______ B) Calculate the expected value (to you) if you purchase 10 raffle tickets. $_____ C) What is the expected value (to the PTO) of one raffle ticket? $_______ D) If the PTO sells all 260 raffle tickets, how much money can they expect to raise for the classroom supplies? Thank you
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 260 tickets sold. The winner gets a prize worth of $88. Round answer to the nearest cent.
A) What is the expected value (to you) of one raffle ticket? $______
B) Calculate the expected value (to you) if you purchase 10 raffle tickets. $_____
C) What is the expected value (to the PTO) of one raffle ticket? $_______
D) If the PTO sells all 260 raffle tickets, how much money can they expect to raise for the classroom supplies?
Thank you
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