document.write( "Question 1200327: Tickets for a raffle cost $15. There were 621 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1800. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)?\r
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document.write( "If the Expected Value is negative, be sure to include the \"-\" sign with the answer. Express the answer rounded to two decimal places.\r
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document.write( "Expected Value = $ \n" );
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Algebra.Com's Answer #834435 by ikleyn(52797)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "Tickets for a raffle cost $15. There were 621 tickets sold. \n" ); document.write( "One ticket will be randomly selected as the winner, and that person wins $1800. \n" ); document.write( "For someone who buys a ticket, what is the Expected Value (the mean of the distribution)? \n" ); document.write( "If the Expected Value is negative, be sure to include the \"-\" sign with the answer. \n" ); document.write( "Express the answer rounded to two decimal places. \n" ); document.write( "~~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "Expected Value =\r \n" ); document.write( "\n" ); document.write( "Solved.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The formula is self-explanatory due to its structure.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |