document.write( "Question 470901: In a raffle 1000 tickets are being sold at $1.00 each. The first prize is $100. There are 2 second price of $50 each and 5 third prizes of $10 each. Jenny buys 1 ticket. How much more than the expected value of the ticket does she pay? \n" ); document.write( "

Algebra.Com's Answer #322981 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "Expected value of ticket = (1/1000)(99 + 49 +9) - 999/1000 = -.84
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