document.write( "Question 1120677: One thousand raffle tickets are sold for $4 each. Three prizes will be awarded, one for $ 500 and two for $ 200. Assume that the probability that any given ticket is selected for the $ 500 prize is StartFraction 1 Over 1 comma 000 EndFraction
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document.write( " and the probability that any given ticket is selected for a $ 200 prize is StartFraction 2 Over 1 comma 000 EndFraction
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document.write( ". Winners do not have their ticket costs of $4 refunded to them. Jennifer purchases one of these tickets. Complete parts (a) and (b) below.
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document.write( "(a) Determine Jennifer's expected value.
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Algebra.Com's Answer #736356 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Just do the arithmetic. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " ![]() \n" ); document.write( " |