SOLUTION: A. the association for the conservation is awarding $4000 cash and cash prizes and one & 1000 cash prize to the winners of a raffle. A total of 9000 tickets are sold for $3 each. W

Algebra ->  Probability-and-statistics -> SOLUTION: A. the association for the conservation is awarding $4000 cash and cash prizes and one & 1000 cash prize to the winners of a raffle. A total of 9000 tickets are sold for $3 each. W      Log On


   



Question 637058: A. the association for the conservation is awarding $4000 cash and cash prizes and one & 1000 cash prize to the winners of a raffle. A total of 9000 tickets are sold for $3 each. What is the mathematical expectation for a person who buys a ticket?
B. Explain the meaning of the expected value you found in part A.

Answer by solver91311(24713) About Me  (Show Source):
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