document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=393664>Question 393664</A>: <I><SPAN STYLE=\"word-break: break-all;\"> At a raffle, 100 tickets were sold at $1.00 each for three prizes of $25, $10, and $5. Find the expected value </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #279347 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=279347\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> At a raffle, 100 tickets were sold at $1.00 each for three prizes of $25, $10, and $5. Find the expected value<BR>\n" );
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document.write( "Let x be expected winnings of the player.<BR>\n" );
document.write( "Values of x are 24,9,4,-1 dollars<BR>\n" );
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document.write( "Probabilities are (1/100),1/100,1/100,97/100<BR>\n" );
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document.write( "Expected winnings = [24 + 9 + 4 - 97]/100 = -60 cents<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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