The PTO is selling raffle tickets to raise money forclassroom supplies. A raffle ticket costs $3. Thereis 1 winning ticket out of the 130 tickets sold. Thewinner gets a prize worth $68. Round your answersto the nearest cent.What is the expected value (to you) of one raffleticket? $ -2.4769Calculate the expected value (to you) if youpurchase 10 raffle tickets. $ 24.7692 xWhat is the expected value (to the PTO) of oneraffle ticket? $ 2.4769If the PTO sells all 130 raffle tickets, how muchmoney can they expect to raise for the classroomsupplies? $Question Help: DVideo

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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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The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and seventeen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
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The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $1,000 grand prize, three $400 second prizes, and eleven $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 500 tickets. There is one $2,000 grand prize, three $400 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

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