Mathematics, 11.02.2021 01:00 xonyemaa12

A club is holding a raffle. Ten thousand tickets have been sold for $2 each. There will be a 1st prize of $3000, 3 second prizes of $1000 each, 5 third prizes of $500 each and 20 consolation prizes of $100 each. Find the expected winnings of a single ticket.

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A club is holding a raffle. Ten thousand tickets have been sold for $2 each. There will be a 1st pri...

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A club is holding a raffle. Ten thousand tickets have been sold for $2 each. There will be a 1st prize of $3000, 3 second prizes of $1000 each, 5 third prizes of $500 each and 20 consolation prizes of $100 each. Find the expected winnings of a single ticket. ​

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Another question on Mathematics

A club is holding a raffle. Ten thousand tickets have been sold for $2 each. There will be a 1st prize of $3000, 3 second prizes of $1000 each, 5 third prizes of $500 each and 20 consolation prizes of $100 each. Find the expected winnings of a single ticket.