SOLUTION: Please help me solve this: A lottery offers one $2000 prize, two $500 prize, and four $100 prizes. One thousand tickets are sold at $4 each. Find the expected value(mean) If one

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Please help me solve this: A lottery offers one $2000 prize, two $500 prize, and four $100 prizes. One thousand tickets are sold at $4 each. Find the expected value(mean) If one       Log On


   



Question 865897: Please help me solve this:
A lottery offers one $2000 prize, two $500 prize, and four $100 prizes. One thousand tickets are sold at $4 each. Find the expected value(mean) If one person buys a ticket.
I also have to put it into a chart and am very confused.

Answer by Fombitz(32388) About Me  (Show Source):