SOLUTION: Joe’s baseball team sold 200 chances to win a $250 set of golf clubs. What is the expected value of a single chance if only one chance wins?
Algebra.Com
Question 364446: Joe’s baseball team sold 200 chances to win a $250 set of golf clubs. What is the expected value of a single chance if only one chance wins?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Joe’s baseball team sold 200 chances to win a $250 set of golf clubs. What is the expected value of a single chance if only one chance wins?
----
E(x) = (1/200)*250 = (5/4) = $1.25
=============
Cheers,
Stan H.
=============
RELATED QUESTIONS
Joe’s baseball team sold 200 chances to win a $250 set of golf clubs. What is the... (answered by solver91311)
Is a percent increase of a set of golf clubs from 250 to 750 the same as a markup rate of (answered by Alan3354)
Is a percent increase of a set of golf clubs from $250 to $750 the same markup rate af... (answered by MathLover1,MathTherapy,ikleyn)
It costs $50 to bet on a pig race. The pig has a 1/12 chance of placing first, a 1/8... (answered by ikleyn)
A plant can manufacturer golf clubs at a cost of $75 per golf club. They find that... (answered by Solver92311)
for $20 you purchase a ticket that gives you a chance to win a $6000 boat. there are... (answered by ikleyn,greenestamps)
Lauren is playing a game of chance. In order to win, she must draw a spade or a heart... (answered by mathsolverplus,greenestamps)
A statistician determines that a certain baseball player (Player A) managed to hit a home (answered by ikleyn)
in a shipment of 15 sets of golf clubs, 3 are left handed. if 4 sets of golf clubs are... (answered by stanbon)