document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=364446>Question 364446</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #259916 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=259916\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 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?<BR>\n" );
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document.write( "E(x) = (1/200)*250 = (5/4) = $1.25<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "============= </SPAN>\n" );
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