document.write( "Question 1023026: One thousand tickets ae sold at $1 each for a grand prize of $500.00. What is the expected value if a person purchases a single ticket? \n" ); document.write( "
Algebra.Com's Answer #638625 by robertb(5830) You can put this solution on YOUR website! Assuming only 1 ticket out of the 1,000 sold would win the $500, the expected value would be \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "or, he is expected to lose $0.50. \n" ); document.write( " |