The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5. There is 1 winning ticket out of the 290 tickets sold. The winner gets a prize worth $72. Round your answers 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 8 raffle tickets. $ ? c. What is the expected value (to the PTO) of one raffle ticket? $ ? d. If the PTO sells all 290 raffle tickets, how much money can they expect to raise for the classroom supplies? $ ?
The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5. There is 1 winning ticket out of the 290 tickets sold. The winner gets a prize worth $72. Round your answers 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 8 raffle tickets. $ ? c. What is the expected value (to the PTO) of one raffle ticket? $ ? d. If the PTO sells all 290 raffle tickets, how much money can they expect to raise for the classroom supplies? $ ?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 11PPS
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The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5. There is 1 winning ticket out of the 290 tickets sold. The winner gets a prize worth $72. Round your answers to the nearest cent.
a. What is the
b. Calculate the expected value (to you) if you purchase 8 raffle tickets. $ ?
c. What is the expected value (to the PTO) of one raffle ticket? $ ?
d. If the PTO sells all 290 raffle tickets, how much money can they expect to raise for the classroom supplies? $ ?
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