SOLUTION: For this problem find the expected value. A company is selling raffle benefit tickets for $4 each. The first prize is $3500, and the second prize is $500. 5000 tickets total are

Question 1162377: For this problem find the expected value.
A company is selling raffle benefit tickets for $4 each. The first prize is $3500,
and the second prize is $500. 5000 tickets total are sold.
X 3496 496 -4
P(x) 1/5000 1/5000 4998/5000

Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

John

My calculator said it, I believe it, that settles it

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