SOLUTION: Suppose you buy a raffle ticket in each of ten consecutive weeks in support of your favorite charity. One of the 1500 raffle tickets sold each week pays $1000. What do you expect t

Question 1010783: Suppose you buy a raffle ticket in each of ten consecutive weeks in support of your favorite charity. One of the 1500 raffle tickets sold each week pays $1000. What do you expect to win for those 10 weeks, and with what standard deviation?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Suppose you buy a raffle ticket in each of ten consecutive weeks in support of your favorite charity. One of the 1500 raffle tickets sold each week pays $1000. What do you expect to win for those 10 weeks, and with what standard deviation?
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What is the cost of a raffle ticket?
Cheers,
Stan H.
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