The PTO is selling raffle tickets to raise money forclassroom supplies. A raffle ticket costs $4. There is 1winning ticket out of the 190 tickets sold. The winner getsa prize worth $98. Round your answers to the nearest cent.What is the expected value (to you) of one raffle ticket? $

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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 $4. There is 1 winning ticket out of the 190 tickets sold. The winner gets a prize worth $98. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? $