SOLUTION: Tickets for a raffle cost $7. There were 640 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1600 and also the person is given back the cost
Algebra ->
Probability-and-statistics
-> SOLUTION: Tickets for a raffle cost $7. There were 640 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1600 and also the person is given back the cost
Log On
Question 1075998: Tickets for a raffle cost $7. There were 640 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1600 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)?
