document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=286919>Question 286919</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 1000 tickets are sold @ $1. One prize is awarded $1,000. What is the fair price of the ticket? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #208130 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=208130\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1000 tickets are sold @ $1. One prize is awarded $1,000. What is the fair price of the ticket?<BR>\n" );
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document.write( "Random Numbers winning values: $999, -$1<BR>\n" );
document.write( "Corresponding Probabilities::: (1/1000), (999/1000)<BR>\n" );
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document.write( "Expected Winnings = 999(1/1000)+(999/1000)(-1)<BR>\n" );
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document.write( "E(x) = (999/1000)-(999/1000)<BR>\n" );
document.write( "E(x) = 0<BR>\n" );
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document.write( "$1 is a fair price.<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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