The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 800 tickets. There is one $2,000 grand prize, three $300 second prizes, and twelve $10 third prizes. You just bought a tícket. 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 $9 each and will sell 800 tickets. There is one $2,000 grand prize, three $300 second prizes, and twelve $10 third prizes. You just bought a tícket. Find the expected value for your profit. Round to the nearest cent.
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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![BIC ROund
00
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each
and will sell 800 tíckets. There is one $2,000 grand prize, three $300 second prizes, and twelve $10 third
prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
Hint:
Hint
Video on Expected Value [+]
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3.
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Transcribed Image Text:BIC ROund
00
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each
and will sell 800 tíckets. There is one $2,000 grand prize, three $300 second prizes, and twelve $10 third
prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
Hint:
Hint
Video on Expected Value [+]
Submit Question
&
$
%
#
i
2
3.
R.
tab
F
G
D.
SG
Y B N
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