Question 2
6 pts
The PTA sells 1000 tickets for $5 each. One ticket will be randomly selected...
Mathematics, 15.04.2021 20:40 QueenNerdy889
Question 2
6 pts
The PTA sells 1000 tickets for $5 each. One ticket will be randomly selected, and the winner will receive an
iPhone 11 valued at $700.
a) Create a probability distribution for the raffle below: (This will be checked on your work page that you are
submitting to the last question.)
b) Find the expected value for a person that buys one ticket. Show all work. Round your answer to 2 decimals.
-3,57
c) What price should the PTA charge if they want to make this raffle "fair"? $2.00
Answers: 1
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