SOLUTION: The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency dona

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Question 378323: The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency donated the cruise, valued at $2000. The students sold 2748 raffle tickets at $5 per ticket.
(a) Kevin bought thirty-three tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean?
What is the probability that Kevin will not win the cruise?
(b) Kevin's expected earnings can be found by multiplying the value of the cruise by the probability that Kevin will win. What are Kevin's expected earnings?
Is this more or less than the amount Kevin paid for the thirty-three tickets?
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How much did Kevin effectively contribute to the Samaritan Center for the Homeless? (Round your answer to two decimal places.)
Answer by edjones(8007) (Show Source):
You can put this solution on YOUR website!
a)
33/2748 = .012
1-.012=.988 the probability that Kevin will not win the cruise.
.
b)
2000*.012=$24. expected earnings
.
Ed