document.write( "Question 1134683: The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 800 tickets. There is one $3,000 grand prize, two $500 second prizes, and thirteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. \n" ); document.write( "
Algebra.Com's Answer #753110 by Shin123(626)![]() ![]() You can put this solution on YOUR website! When you calculate the expected value, you have to subtract the cost ($7). \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |