document.write( "Question 1198130: On a cruise ship, a raffle is offered at $1 a tick for a single $400 price. Each of the 500 passengers purchases only 1 ticket. What is the expected value of purchasing a raffle ticket? Is it worth spending the money?\r
\n" ); document.write( "\n" ); document.write( "A) $.80 ,yes,you can expect a monetary gai.
\n" ); document.write( "B) $.20, yes, you can expect a monetary gain
\n" ); document.write( "C) -$.80, no, you can expect to loose money
\n" ); document.write( "D) -$.20, no, you can expect to loose money \n" ); document.write( "

Algebra.Com's Answer #831660 by ikleyn(52781) $\"\"$ $\"About$

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document.write( "The expected value of purchasing one ticket for a passenger is\r\n" );
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document.write( "     -  = 0.8 - 1 = -0.2 dollars.\r\n" );
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document.write( "The answer is option (D).\r\n" );
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