200 raffle tickets are sold for $5 each. The person with the single winning ticket will get $61. What is the expected value for a ticket in this raffle?
200 raffle tickets are sold for $5 each. The person with the single winning ticket will get $61. What is the expected value for a ticket in this raffle?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 11PTTS
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200 raffle tickets are sold for $5 each. The person with the single winning ticket will get $61.
What is the expected value for a ticket in this raffle?
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