document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=731979>Question 731979</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ten thousand raffle tickets are sold for $5 each. Four prizes will be awarded: one for $5,000, one for $2500 and two for $1000. Assume that the probability that any given ticket is selected for the $5000 prize is 1/10000,the probability that any given ticket is selected for the $2500 prize is 1/10000,and the probability that any given ticket is selected for the $1000 is 2/10000. Sidhardt purchases one of those tickets.<BR>\n" );
document.write( " Answer following Questions<BR>\n" );
document.write( "A) Determine his expected value<BR>\n" );
document.write( "B) Determine fair price of ticket </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #447590 by </B><A HREF=/tutors/aboutme.mpl?userid=lynnlo><B>lynnlo(4176)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lynnlo><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=447590\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> (a)0.1/10000<BR>\n" );
document.write( "(b)$5.00 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );