document.write( "Question 361981: Hello, Can you please help me.\r
\n" ); document.write( "\n" ); document.write( "One thousand raffle tickets are sold for $1.00 each. One grand prize of $200 and two consolation prizes of $50 each will be awarded. Jeremy purchases one ticket. Find his expected value. Show your work for full credit.\r
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\n" ); document.write( "\n" ); document.write( "Confused \n" ); document.write( "

Algebra.Com's Answer #258007 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!


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document.write( "Hi
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document.write( "$1000 brought in on the raffle, $300 paid out
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document.write( "$300/$1000 = $3/$10 Or $0.30/$1
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document.write( "Jeremy purchases one ticket. 
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document.write( "the expected value of a 1.00 ticket is 30 cents \n" );
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