document.write( "Question 440530: One thousand raffle tickets are sold for $5.00 each. One grand prize of $1000 and two consolation prizes of $100 each will be awarded. Jeremy purchases one ticket. Find his expected value. \n" ); document.write( "
Algebra.Com's Answer #304294 by edjones(8007)![]() ![]() You can put this solution on YOUR website! 1000+100+100=$1200. \n" ); document.write( "1200/1000=$1.20 the expected value of his ticket. \n" ); document.write( ". \n" ); document.write( "Ed \n" ); document.write( " |