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The Safe Grad Committee at the high school is selling tickets on a Christmas Basket filled with gifts and gift cards. The prize is valued at $1200 and the committee has decided to sell only 500 tickets. What is the expected value of a ticket? If the students. decide to sell tickets on three monetary prizes - one of $1500 dollars and two of $500 each, what is the expected value of the ticket now?

The Safe Grad Committee at the high school is selling tickets on a Christmas Basket filled with gifts and gift cards. The prize is valued at $1200 and the committee has decided to sell only 500 tickets. What is the expected value of a ticket? If the students. decide to sell tickets on three monetary prizes - one of $1500 dollars and two of $500 each, what is the expected value of the ticket now?

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 Safe Grad Committee at the high school is selling tickets on a Christmas Basket filled with gifts and gift cards. The prize is valued at $1200 and the committee has decided to sell only 500 tickets. What is the expected value of a ticket? If the students decide to sell tickets on three monetary prizes - one of $1500 dollars and two of $500 each, what is the expected value of the ticket now?
Transcribed Image Text:The Safe Grad Committee at the high school is selling tickets on a Christmas Basket filled with gifts and gift cards. The prize is valued at $1200 and the committee has decided to sell only 500 tickets. What is the expected value of a ticket? If the students decide to sell tickets on three monetary prizes - one of $1500 dollars and two of $500 each, what is the expected value of the ticket now?
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