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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 160 tickets sold. The winner gets a prize worth $72. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? S Calculate the expected value (to you) if you purchase 10 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? S If the PTO sells all 160 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 160 tickets sold. The winner gets a prize worth $72. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? S Calculate the expected value (to you) if you purchase 10 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? S If the PTO sells all 160 raffle tickets, how much money can they expect to raise for the classroom supplies? $

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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 160 tickets sold. The winner gets a prize worth $72. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? S Calculate the expected value (to you) if you purchase 10 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? S If the PTO sells all 160 raffle tickets, how much money can they expect to raise for the classroom supplies? $
Transcribed Image Text: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 160 tickets sold. The winner gets a prize worth $72. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? S Calculate the expected value (to you) if you purchase 10 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? S If the PTO sells all 160 raffle tickets, how much money can they expect to raise for the classroom supplies? $
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