SOLUTION: a raffle is being held for a local church. The raffle has 3 prizes. First prize is $1000, second is $500 and third is $100. If tickets for the raffle cost $5. what is your expectat

SOLUTION: a raffle is being held for a local church. The raffle has 3 prizes. First prize is $1000, second is $500 and third is $100. If tickets for the raffle cost $5. what is your expectat

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Question 928934: a raffle is being held for a local church. The raffle has 3 prizes. First prize is $1000, second is $500 and third is $100. If tickets for the raffle cost $5. what is your expectation if you buy 1 ticket and the church sold 2000 tickets?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
exp = = -$4.20
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